It's not Easy Being Green
I hate to sound Green, but this is really encouraging news about hybrid auto sales.
If GM wants to get itself out of the trouble it's in, it should consider going this route in addition to squeezing its unions who've bilked shareholders and contributed to bringing the company to its knees. There, maybe I'm not so Green after all. Whew....
Actually, it will be interesting to see if GM threatens its unions with bankruptcy and how the unions will react if GM moves in that direction. Will the unions finally consent to have their members fork over $10 as a co-pay for a doctor's visit?
Another interesting question is where will GM's debt bottom out? 2011, 2013, and 2016 bonds were yielding over 10% on Friday, easilly anticipating a downgrade to junk status. And if a re-org happens, will you get paid that 10%?
I hate to sound Green, but this is really encouraging news about hybrid auto sales.
If GM wants to get itself out of the trouble it's in, it should consider going this route in addition to squeezing its unions who've bilked shareholders and contributed to bringing the company to its knees. There, maybe I'm not so Green after all. Whew....
Actually, it will be interesting to see if GM threatens its unions with bankruptcy and how the unions will react if GM moves in that direction. Will the unions finally consent to have their members fork over $10 as a co-pay for a doctor's visit?
Another interesting question is where will GM's debt bottom out? 2011, 2013, and 2016 bonds were yielding over 10% on Friday, easilly anticipating a downgrade to junk status. And if a re-org happens, will you get paid that 10%?
posted by John Coumarianos at 4/25/2005 01:12:00 AM
1 Comments:
I know how you feel, this auto/hybrid/oil business has me double checking some of my assumptions too. I had a post essentially questioning whether market forces alone are sufficient to get us over the energy hurdle looming in our future. So far, the market has been smarter than the Greens and Jimmy Carter put together. I hope it's enough (if we were to expose the market to the true costs of fuel, transport and what not, it might adjust sooner, with less shock -- the "sooner" part is probably why we don't do it).
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