GM was stolen from the bondholders when they went bankrupt. When you buy a car from GM, you are effectively buying a stolen car.
GM should have been broken up.
*** GM was stolen from the bondholders when they went bankrupt. When you buy a car from GM, you are effectively buying a stolen car. ***
Correct me if I’m wrong, but here’s how I remember it in straight forward terms:
GM filed for bankruptcy;
Obama fired the CEO and put his own CEO in place;
Obama ordered that the stockholders get only 25 cents on the dollar for their investments - take it or leave with only a few days to decide;
Obama gave the UAW over 50% control of GM;
giant GM emerged from bankruptcy in only one week.
On principle, I refuse to buy a vehicle from any automaker that took bailout money from the TAXPAYERS back in 2009.
I'll never buy another GM or Jeep product, period. My last Grand Cherokee was my LAST grand Cherokee and my 2003 GMC Envoy Denali was my LAST GM product.
I'm a Ford F-150 guy now.