General Motors to Invest $1 Billion in Brazil Operations (Money to Come from U.S. Rescue Program)

Latin America Tribune ^ | 12.08.08 | Russ Dallen

[dennisw]

GM is an international company. It makes cars all over the world, and unlike its US operation, they are profitable. All of this bailout money is fungible. GM is an American company when it is convenient for them to be. I wonder what percentage of their American cars are actually made in the USA.

$25 billion dollar bailout for automobile makers is a mere pittance compared to trillions in bailouts for Wall St. Who were outright thieves which US automobile firms never were
Blame "credit default swaps" for our present predicament.
Not overpaid union workers and bad management

Last decade GM was our largest corporation and is a producer
Today #1 is Wal-Mart which is a consumer corporation. Wal Mart manufactures nothing

[Clemenza]

Who were outright thieves which US automobile firms never were

The automobile firms unfortunately seemed to hire the bottom 20% of whoever graduated Cowtown U to run their companies into the ground. I have ZERO symphathy. Yes, I know you once worked for the big three (as did someone VERY close to me), but I have to call them as I see them.

[kabar]

It is not about the amount of money but the princple involved. I didn’t support any bailout, including Wall Street. And a bailout will not solve the Big Three’s problems. They need to sell cars and be profitable.

[dennisw]

Move to Japan and you can drive Jap cars all day long with a clean conscience. Wall St got a bailout 100x larger than any car company

[Clemenza]

You should know by now that my Sonata was built right here in the U S of A.

BTW: This is only the beginning. Obama will practically nationalize the industry. The best thing that could happen is to see Bob Nardelli go bye-bye at Chrysler.

[wmfights]

From a business standpoint not a bad move. Get the money you can from us, expand your operations in mkts that have lower costs and a growing economy. How long until they only have a skeleton crew working here 10 yrs?

I'm sure the UAW and their govt flunkies just figured mgmt wouldn't respond to the coming nationalization of their businesses.

[Munz]

isnt this great?

[McGruff]

Do they expect us to go to Brazil and work?

I don't know. Are they less socialist than this country is getting? There be some hot Brazilian babes (not that I'm looking you know).