What is Bad for GM is Good for America
I officially do an endzone dance on Saturn's grave. I mocked Saturn as classic symbol of GM's failure as a company in a capitalistic nation. It was to be the savior: GM was getting its sales rear-end kicked up and down the salesroom floor, and Saturn was to be GM's future and a true killer of Japanese cars.
I look forward to GM's IPO in the next year or two, giving it a red thumbs-down, and slowly watching it sink beneath the waves along with the Chevy Volt. An American icon? How can you possibly cheer its certain death? Because the experienced union workers and car designs and industrial capacity will NOT simply disappear. These will all be bought by someone who is better able to produce stuff that Americans will want to buy, and better able to provide customer satisfaction, not to mention profits.