As if the congress denying the Big Auto a stimulus package earlier was not bad enough, this might happen again a second time. GM, Chrysler and Ford are looking towards the Congress for a $25 billion stimulus package in order to keep the production and R&D alive. The concern is very real as without technological edge, the US auto manufacturers might be rolling out empty shells after 5 years and most of them might have to close shop post December. In fact, as per Big Auto, the real requirement is as much as $40 billion and even a stimulus package will not be enough.
If nothing else works, then it’s very likely that the 3 companies might have to merge. If that happens, then they may not actually need the Congress anymore for any financial assistance as the combined entity would be more than eligible for a loan from the bank to meet all requirements. I won’t be amazed. There are stranger things in Heaven and Earth than we can imagine.
