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  • Bankruptcy would be good for car makers

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Bankruptcy would be good for car makers

'The reality is that 43,000 dealerships is not a reality,' says Zag founder Scott Painter The once vaunted car industry has been brought to its knees, partly because of the economy, and mainly because of self-inflicted bad management and lack of innovation. Now, the heads of the iconic auto institutions are being dethroned - well, at least at General Motors. While there's a bunch of talk about the government's double standards toward how it's treating Detroit and Wall Street, you won't hear much support to go easy on auto companies from Silicon Valley types.In this segment, Zag's founder Scott Painter sits down with Bambi Francisco in the second-part interview to talk about why Washington - despite its tough love bailout ultimatum - shouldn't be bailing out the car companies. "It's horrible," he said, referring to government's ... [ Read more ]

Vator TV | April 6, 2009Watch more videos from Vator TV

Tags:. .dethroned. .zag. .ultimatum. .inflicted. .bambi











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