The guy who built our house lost $220 K in GM bonds that became worthless when they went bankrupt. He wonders if the UAW might provide a couple of free oil changes...
My take is that that Germans have a right to be very skeptical of the future for Opel at the hands of GM management. The criticism is spot on.
But you have to recognize that the significance of the change in thinking in GM’s Board of directors is that they realized how accommodating the Obama Administration and the Congress have been - so now that they understand they can count on being backstopped by Obama, they don’t need to scale down in Europe as they once thought would be necessary.
exactly. They are intentionally going to destroy the Opel brand to keep it from becoming a competitor, putting a few more nails in their own coffin at the same time.
Yup, straight out of an Ayn Rand novel.