Register now for free access to - this week only.

With the right leader, GM can be reborn


Hurray! - finally a voice of reason on GM. GM builds desireable, high quality, durable vehicles that meet the needs of more Americans than any other auto manufacturer. Have they made mistakes? Yes, but, the bankruptcy is driven primarily by the carrying costs associated with debt, pensions, health care and the writing down of assets that have become unnecessary due to huge increases in productivity and efficiency. The bankruptcy will give the company the fresh start that it is well positioned to take advantage of. I am and have always been a profitable dealer. Today we rely more heavily on used vehicle sales, but that will change too. The used market for GM trucks is white hot now and prices are rising quickly. Increased values in the used market ALWAYS spur new vehicle sales. Some dealers may not survive, but it will those who suffer from insufficient capital or poor business practices. The winners will be America's consumers, the losers will be the current stockholders, debt holders and the UAW. Patience and faith my friends, all will work out as it should. Andrew Budd, Owner, Country Chevrolet, Inc. Warrenton, VA



ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.