The report on General Motors released by the White House says the company’s restructuring plan will not lead to a stronger company, in part because the beleaguered auto giant’s proposal to rely more heavily on advanced, fuel-efficient cars is not commercially viable.
The report’s findings stand in stark contrast with the President’s chief goal for America’s auto industry: leading the world in green car production.
“I am absolutely committed to working with Congress and the auto companies to meet one goal: The United States of America will lead the world in building the next generation of clean cars,”
Obama declared Monday at a press conference marking the report’s release.
In fact, the report found that even if GM can successfully make and sell green cars, it will still not lead to a viable company because it will not be able to make enough money to weather future economic slowdowns... [snip]
Labor costs are left out of the administration’s recommendations for returning GM to profitability. The four areas the government will focus on are: sustainable profitability, healthy balance sheets, operational restructuring, and technology leadership (green cars)...
[Idea: let them make cars people want to buy.
Government: the end of thinking.]
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