Hank Paulson made it clear he’s not going to put government money into the ridiculous GM-Chrysler merger plan.
The Treasury Department has turned down a request by General Motors for up to $10 billion to help finance the automaker’s possible merger with Chrysler, according to people close to the discussions.
GM should abandon this braindead idea and spend all of its energy creating cars that make sense for this century. In the mean time I think my idea that they should start importing their low mileage vehicles from Europe and Asia to take up the slack, is the way to go.
