E-mail to Congress:
EIN News says, "Saab Likely to Close As GM Fails to Sell Car Brand. A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction. Koenigsegg Group AB, a consortium formed by Swedish luxury sports car maker Koenigsegg Automotive AB, said Tuesday it pulled out of the deal in part because it was unable to agree with investors on how best to move the brand from mass-market to premium. (google.com)".
This is good. There are too many car companies producing too many cars for the available market. The less efficient ones, with respect to market needs, should fail. If we can just get governments to keep their hands off the situation and let market forces work, rather than use bailouts, the situation will improve.
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