Quote:
Originally Posted by Porsche-O-Phile
...But I think ultimately the death of GM will be due to the unions and out-of-control pension obligations. Eventually they'll be bought out by someone else, probably Toyota.
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Why would Toyota want them?
They already have an US dealer network and infrastructure. I hate to say this, but I think there may be car companies in other 'developing' parts of the world that may stand to gain a lot more by buying an existing US manufacturer, if you catch my drift.
Look at the Indian company Tata. Earlier this year they bought Jaguar Land Rover from Ford.
I think I've mentioned this before, the similarities of the US auto manufacturers situation to the decline of the British motor industry, and it just keeps coming back again and again.
Sad to see but probably inevitable.