Friday, November 21, 2008

GM versus Toyota

Who could have seen this in the beginning of 2008?
Today, the stock market levels could not be sharper. Toyota is worth about $ 97B and GM is worth about $ 2 Billion!
I think it is time to rethink not only the car industry but also the overall transportation systems and patterns of use in the US. So, I do not support the bailout if the money is to be used just to rectify past mistakes but if it is to be used to jump start the new (transformed) auto industry. It will be interesting to see how it evolves and shapes up in the coming months.

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