At an airport I overheard quite a few GM employees laughing about Toyotas recalls. The G guys said “at least our recalls never killed someone”.
Government Motors, working at the efficacy of government.
Sounds like prime candidates to work in the White House.
this is all smoke and mirrors to avoid the “fraud on the bankruptcy court” claims.
ANYBODY else would be on the hook.
IOW a disproportionately low number of them were union employees.
But the important thing to remember is that the UAW Medical Pensions got the bulk of the ownership and that the premium bond holders got screwed like a piece of soft pine wood.
GMs internal investigations, findings and solutions look eerily similar to that of our Federal Government. Huh. I wonder why.
To put this into some sort of perspective, which I realize is always wildly unpopular.
There are 2.6M cars recalled. To be conservative, let’s assume each was drive 50,000 miles before being recalled. That’s 130,000,000,000 miles.
13 deaths, although the true number is likely higher, works out to one death for each 10B miles.
The fatality rate in 2012 on American roads was 1.14 per 100M miles or unless I’m dropping a decimal somewhere, 114 per 10B miles.
IOW, the increase in risk of fatality for driving one of these cars was something less than 1% above driving an average car.
I get lost in the numbers, sometimes, so I may be off somewhere, though.
Of course they are senior executives. The peons don’t have to authority to suppress the bad news.
After Hussein took over Government Motors, didn’t he give 1/3 of the company to the UAW?
The sole purpose of Hussein’s Government Motors takeover was to save Union contracts —— Past.Present.Future