El wrongo on your part. Ford is a privately owned company. GM is owned by the Government and BO is the CEO. BO took the shareholders money once and will do it again.
Ford is a publicly traded company. GM will be a publicly traded company after the IPO. The major difference is that GM went bankrupt and the feds became the major investor.
1. They kept their company solvent without the help of the Feds and the American taxpayer. They remained a private business.
2. GM wont have to pay close to 45 billion in taxes on “carry forwards.” What a sweet deal and preferential and special treatment from the Feds.
Wonder what other shenanigans the Feds will pull that will help GM? Will they look the other way on recalls, litigation,...