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Monday, March 23, 2009

Why we should let GM die...

I've already blogged that we should let General Motors and Chrysler either figure things out on their own or die.  My argument was that hundreds of innovators would swoop in to pick up the pieces and put them to far better use than their current owners.

While this was a venture capital start-up using lots of internet "new money."  Imagine what people of lesser means could do if they could start their companies off the carcasses of GM and Chrysler on the cheap:
Tesla Motors is already producing electric cars.  Apparently really good electric cars.  And they are using market segmentation to their benefit, instead of trying to appeal to the least common denominator and pleasing no one like the  VOLT is almost guaranteed to do.

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