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+--- Thread: Car Companies (/showthread.php?tid=3198)
Car Companies - Opus - 06-05-2009
So.. something dawned on me this morning as I was reading about Penske buying the Saturn Brand from GM.
As I thought about what was going on with the car companies and our economy here, I thought about another time where the government stepped in to make changes to a large company.
That company was AT&T. It was forced to break itself up into smaller companies due to antitrust regulations.
As I watch the car companies begin to break themselves up to survive, I begin to wonder if history will repeat itself and if the car companies will end up consolodating back into giant companies once again.
Who is to say that in 5 years, that GM won't just buy Saturn and Hummer back from the companies they are selling to today?
Re: Car Companies - Mad Dog - 06-05-2009
Good Question. Except for the fact that AT&T was not bought by the taxpayers, just made to split up. However GM and Chrysler HAVE become Government Motors Inc and this is an unprecedented move. I have a feeling that Obama will not give corporate sovereignty back to GM or Chrysler. That will have to wait until we have a capitalistic president again.
Re: Car Companies - krystal - 06-05-2009
A very capitalistic president, though, will probably sell it cheaply to one of his buddies.