A Perfect storm for innovation is gathering in Washington. With the government's recent financial assistance to GM and Chrysler, the Big 3 now have until the end of March to make the case that shows how they will survive. Survival is not enough though.
America now has a chance to lead the world in power and fuel efficiency. The Big Three will still be looking for help at the end of March. As the major shareholder, the US government would have an opportunity to DEMAND the type of cars that will lead the world toward saving the planet for future generations.
If the Big Three cannot agree to make only cars that are fuel efficient enough to get at least 50 MPG by 2011, 75 MPG by 2013 and 100 MPG by 2015, then they should go into bankruptcy and fend for themselves like all the other businesses that are having trouble. The truth is this can be done and innovators know the way to do it.
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