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.
Excellent point about GM making money in other parts of the world. Not that I am for US money going to upgrade factories in Brazil but if you think about it if they make money there that money can help pay bloated union contracts in the US.
$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