The new General Motors exiting bankruptcy today is:
1) Leaner and getting ever more so. Another 6,000 jobs to go. 35% of current execs will go. They've already shed Opel and Pontiac, and that list of defunct or sold brands will grow.
2) Really publicly-owned now. The U.S. government now owns over 60 % of the company. The United Auto Workers have another one-eighth of GM. The government has said it will not be involved in day-to-day operations of the company.
3) Directed by a new board of directors.
4) Sold at a smaller number of dealerships. Over 2/5 of those are losing GM. There's also talk of selling more cars online, though eBay denies they have a GM dealership. And there'll be websites where we customers part-owners can register our comments.
GREENER?
Lots of talk about cars customers want. We all know that is shifting and never static. When times are tough or gas prices steep, we want efficiency. If another bubble comes along and every MBA and lawyer is making six figure bonuses, the little efficient two-seater becomes declasse.