Dennis Virag, president of Automotive Consulting Group Inc., talks with Bloomberg's Ken Prewitt in this PODCAST about partnership negotiations between Chrysler LLC and Fiat SpA, a looming bankruptcy for General Motors Corp. and his assessment of Ford Motor Co. and its Chief Executive Officer, Alan Mullaly.
Virag expects the GM shareholders to be wiped out. So GM is the ultimate value trap. Chrysler is of course private, so no play here. But Virag is surprisingly positive on Ford.
Also Mandel of Autoweek can be heard HERE giving his comments to Bloomberg on the Detroit 3.
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