With the Chairman of GM told to hit the road by the President, it will be interesting to see the next steps of development. If GM goes into bankruptcy, the bailout money already given to GM is irretrievable. But that is really GM’s only option unless the government keeps giving it money to stay afloat.
And in giving it the money to stay afloat, the government will be calling more of the shots, such as a fuel-efficient hybrid that is essentially designed by the Treasury Dept.
And 50 years from now, the best case scenario will be that they will be cute and quaint little pieces of crap that we see at car shows.
The worst case scenario is that we’re scrounging for parts to keep the last few of them on the road (See Cuba)