I just threw up in my mouth a little.....

[Finnster]

@76: IDK man, the whole things a bit of a mess. The best I understand it was GM left its problems way too long to fix, its debts were too large for any private entity to really be able to assume, and there were big structural impediments, as well as state franchise laws that prevents it from moving swiftly or cheaply, not to mention all the labor contracts and unfunded pension obligations it had.

From what I understand, GM tried to sell its remaining minority stake in GMAC at one point recently, and it failed. Gotta wonder what bad morgage and other debts it holds. GM has had trouble even selling many of its former brands, Saturn, Hummer, Saab. GM has been selling bits of itself off for years in its continous decline and floundering.

Chrysler was way smaller than GM, and its ownership bounced from entity to entity that couldn't fix it. Who would want GM then? IF no one, was liquidation and resigning to oblivion the largest US auto manufacturer a good idea in an imploding economy? To me, seemed like all the other options were even worse.
Maybe this was the only way to save the behemoth from thier decades of bad decisions. Maybe no CEO could ever do it alone. IDK.

I guess my view of it is that, despite all the ugliness or things that could have been different, GM was worth saving and may end up a net boon in the end. At least they still actually manufacture something real in America (as opposed to banks which just manufacture debt) and employ a lot of people. They got their second chance at life, and I want to see them learn their lessons, rise from the ashes, and succeed to be a global leader in American manufacturing and engineering once again and not become a landmark in a history of American decline and failure.
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As far as the OP goes: I can't see the Mr Fusion mounted the back. Too bad, as we could have gone back to 1995 and destroyed that POS before it was ever created