How can this possibly be? President Ocarter just said the other day, “the US auto industry is back on top”!
With Zero it’s not what he says. It’s what he does not say.
GM is back on top! (of the likely to go tits up list)
I am going to cut the deficit in half! (and add that half back on top)
see?
“....the US auto industry is back on top!”
Yeah, if Toyota is part of the US auto industry.
GM has become a major player in the Chinese auto industry, that is for sure.
Why doesn’t the US Treasury transfer the GM stock held by the Federal Government to the Chinese in exchange for part of the debt we now owe them? And UAW retirees get preferential relocation to China as part of their retirement package?
That way China could keep the payout on the retirement plans and their earnings from GM in their own country.
Ford is doing quite well.
GM is on top ... of the dungheap.