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[0:00] ..." A closer look now at the upheaval in the car industry. Ten years ago it would have been unthinkable General Motors as the General Motors of what's good for GM is good for the country fame. Today's file for bankruptcy protection -- means more plant closings in of that by the Obama administration. What will emerge will be a leaner meaner sustainable GM. Joining me now live to talk about what this means for the consumer. Is Rik Paul automotive editor of consumer reports. Rick if you Pontiac commerce -- or the Saturn which are among half of the brand's edgy image shedding at this point what does this -- the value of your car. "...
[0:59] ..." Obama administration is betting that this will emerge as a leaner meaner car company that people will in fact by General Motors products."...
[1:08] ..." gas and that that's what they're shooting for and they it. That GM has been criticized for a long time for -- to many brands. But had too many models. And so it is actually"...
[1:31] ..." Well we have seen recent GM models. Getting much better in -- tests. It's several other models which every Malibu for instance to -- on -- test account"...
[1:56] ..." Chrysler also making news -- likely to be running Chrysler if not court challenges don't wash the steel that's being talked about today. There Courtney get out of bankruptcy fairly quickly how does this compare with what's going on GM can we expect the same sort of timeline from GM. "...
[2:09] ..." They're expecting GM to be longer. Sixty to ninety days for them to emerge. Not Chrysler is on May thirty. Sixty days scheduled so. A lot of analysts think they'll be emerging from bankruptcy that in the next"...
[2:23] ..." Spoke -- Ford Ford Motor Co. in August."...
[2:38] ..." been able to benefit in terms of sales from the crisis and GM's problems."...
[0:00]" A closer look now at the upheaval in the car industry. Ten years ago it would have been unthinkable General Motors as the General Motors of what's good for GM is good for the country fame. Today's file for bankruptcy protection -- means more plant closings in of that by the Obama administration. What will emerge will be a leaner meaner sustainable GM. Joining me now live to talk about what this means for the consumer. Is Rik Paul automotive editor of consumer reports. Rick if you Pontiac commerce -- or the Saturn which are among half of the brand's edgy image shedding at this point what does this -- the value of your car. "
[0:32]" Well you can expect to resell value of these tires to draw. And we saw that with Oldsmobile when that was -- it was so when between members voted. So. Now have the greatest impact on people who tend to keep. Their cards for about five years or less so and you go to -- zealot. Your resale value will be lower if you can't keep their cars longer 8910 years that's going to have a lot less impact on overall owner. Costs."
[0:58]" Do you feel that given the Obama administration is betting that this will emerge as a leaner meaner car company that people will in fact by General Motors products."
[1:07]" I yes I think gas and that that's what they're shooting for and they it. That GM has been criticized for a long time for -- to many brands. But had too many models. And so it is actually a chance for them to shed a lot of and become. More of the kind of streamlined. Or at Giles company that it really needs to be to compete in today's market."
[1:29]" Do you find that there is evidence of that already."
[1:31]" Well we have seen recent GM models. Getting much better in -- tests. It's several other models which every Malibu for instance to -- on -- test account like."
[1:42]" CPA -- and there are new line of minivans or excuse me suvs."
[1:48]" So we have. Hope that that they're on the path to putting up better product which will certainly be key when they emerge from bankruptcy."
[1:56]" Chrysler also making news -- likely to be running Chrysler if not court challenges don't wash the steel that's being talked about today. There Courtney get out of bankruptcy fairly quickly how does this compare with what's going on GM can we expect the same sort of timeline from GM. "
[2:09]" They're expecting GM to be longer. Sixty to ninety days for them to emerge. Not Chrysler is on May thirty. Sixty days scheduled so. A lot of analysts think they'll be emerging from bankruptcy that in the next couple weeks."
[2:23]" Spoke -- Ford Ford Motor Co. in August."
[2:26]" Wolf for -- actually has been -- doing well you know from our standpoint and in our owners surveyed the reliability has."
[2:34]" Has been excellent at -- the perhaps some very good cars and and they have been able to benefit in terms of sales from the crisis and GM's problems."
[2:43]" and Rik Paul thank you very much Rick pilot error for autos at consumer reports."
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