On Tuesday, General Motors and Chrysler presented their plans for viability to the Fed and the Obama administration. Why does one industry insider believe GM is worth saving but Chrysler must be cut loose? What suggests GM is turning the corner and can soon be solvent on its own? What would be the impact of a Chrysler collapse? And why should taxpayers already saddled with a Wall Street bailout, a massive stimulus plan and a huge mortgage rescue program be willing to shell out billions more for Detroit? We ask Peter DeLorenzo, founder of autoextremist.com and author of “The United States of Toyota”.
