01 June 2009

GM Should Become a Transportation Company

Now that GM has filed for bankruptcy and the US gov't (or us taxpayers) now own 60% of the company can we start asking some serious questions? In the past 30 years, three (3) major car companies have filed for bankruptcy - GM once and Chrysler twice. Should we perhaps start rethinking the car and how we travel in our country? Unless you live in a major city, you must use a car to get around. Passenger rail has become less and less and the highway has become more ubiquitous. Instead of investing all this money into GM so they can continue to make a shitty product, maybe they should become a transportation company. Yes, they are at over capacity with too many plants, but couldn't we kill two birds with one stone if we dedicate some of the plants to building more efficient safer cars and the remaining to manufacturing trains and equipment for high speed rail? They remain in business, perhaps even becoming profitable and hire back some of the people they've laid off. By being more diverse, when gas prices go back up, which they will, then they will have a business that they can profit from. Having a multi-faceted business model such as this helps reduce our reliance on foreign oil and begins to address our ever-growing transportation problem of the future.


1 comment:

Anonymous said...

Well said. You should send this to the newspapers, as a "now that we own it" op-ed. I'd just add "public" to the title.