The White House magic ATM is going to help GM and Chrysler survive the cold winter for at least three months. How should GM, Chrysler spend the next 102 days?
With respect to GM, it looks like the company is going to use this time and extra money to drastically cut costs, renegotiate contracts and work to get better products like the Chevy Cruze to the market. They'll also, we hope, try to tackle their dealership network issues and figure out a way to get product moving.
Chrysler, despite the leaked info and promise of electric cars, still seems in bad shape. If there's a real long term plan we haven't seen it yet. Maybe they should just spend the time and money throwing parties, chartering yachts and eating at fancy restaurants until a controlled bankruptcy or something else happens. We call this the "AIG" approach.
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