Should have been “addressed” as part of any bailout. Of course the purpose of the bailout was to shore up the union.
GM is dead.
This is a duplicate post. Sorry. My GM Bankruptcy search didn’t reveal it to me.
is “head”?
They is be head for that?
You know, sources that fail to master English tend not to get too much credibility.
I be sorry dem suckas be head for dat, eberyone up in de gettho be sorry 2wo yo.
Who dey be head fo up in here?
Whaaaaaaaaaaat? Thought the Chevy Volts were going gangbuster in sales. (”
I think the government is going to do the same thing I did with my GM stock a couple of years ago.
And I think it was part of the plan all along. Basically they will be giving the remainder of the company to the union. I believe the corporation still has value such as real estate, patents, and other items that can be salvaged for the benefit of the union and it's sponsors.
We are watching a great american corporation being cannibalized by looters right before our eyes.
Cheer up sir, we'll give it another try!
The management, with the Board of Director's approval, was gutting the company and getting the last penny out of any productive capacity, but it wasn't being added to in any meaningful way.
Finally, it was a marketing division ~ for hire ~ by foreign auto makers.
The proper termination would have involved a sale of the assets and a total dissolution of every aspect of the corporation, right down to busting up the concrete in the parking lots for use in road building projects elsewhere.
Bond holders would still have been shorted because there simply wasn't enough to cover the debt.
The next bankruptcy is the end of the road. No more GM. And yet UAW will probably be sued by everybody and his brother over that multibillion dollar payoff they got.
They'll probably lose that too having obtained it under false pretenses.
GM, Solyndra, high speed rail, etc. All of Obama’s spending is to pad pockets. None of the projects are really planned to succeed. He probably wants them to fail. All part of what has to happen to lead to the big “transformation” of America.
He has to destroy the country before he can transform it. Obama and all of his buddies should be swinging from the yardarm.
Why give the sucker a choice? Make them buy Voltz!
With the upcoming war in Iran, it actually makes sense! Stockpile inventory, cause there's gonna be a big demand soon!
My family has always driven GM products. My first vehicle was a GMC 4X4 truck.
No More! I helped put Government Motors down - I'm so proud.
Thats because their cars suck!
The Corvette ZR1, Camaro ZL1 and the Cadillac CTS-V are decent vehicles. I do appreciate the Camaro ZL1 putting the pressure on Ford to produce the 662hp 2013 Shelby GT500.
Thug government + thug unions
What could go wrong?
During the first GM bankruptcy there was a post comparing the bailout to what happened to British Leyland. The government saved the company only to later see it collapse anyway. The post said this is likely what would happen to GM as well.