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Sean Payton's Vicodin

GM heading for bankruptcy... again.

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Carter saved Chrysler, but Reagan let it happen and took the credit. No word on whether this proved that Reagan was a socialist.

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Obsessed? So the recession that happened under bush isn't partially his fault?

Riveting tale, chap.

:( :( stop obsessing over arguably the worst president in american history by bringing up things that he is responsible for that are still relevant to this day :( :(

in other words, two-time GWB voter spotted

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so how much did GM get from the govt(see us) and how much did it pay back? also, where were those funds to pay back the taxpayers from? Was it actual profti? Was it from the US Treasury or another TARP fund?

also how much are the taxpayers STILL on the hook for?

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its pstall and stirs

just let em live out their lives in idiocy

Name calling is the first sign of having an unbackable argument, argue the fact or stfu.

Calling someone a dimwit very loudly doesnt make you right.

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so how much did GM get from the govt(see us) and how much did it pay back? also, where were those funds to pay back the taxpayers from? Was it actual profti? Was it from the US Treasury or another TARP fund?

also how much are the taxpayers STILL on the hook for?

The final chapter of the GM bailout has yet to be written and right now it could go either way. By and large their product is better than it has ever been. Unfortunately for GM, so is the competitions.

By all rights GM should have been dead and buried long ago. While no doubt, they have many very talented and hard working employees, their string of bad leadership is legendary within the industry. The UAW leadership has been no better.

The only reason GM is still with us is they were failing at the same time as our financial sector. It would have been politically untenable to save Wall Street but not save Detroit. Both were TBTF. Neither deserved to be saved but both had to be saved. Perfect examples of FUMU.

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I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016

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I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016

A wonderful free market statement. Totally agree. Not just for GM, but all companies.

Now, think Solyndra

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should have let them go bankrupt the first time. Barry and his unions...

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Fwiw, GM has sold more cars this year than anyone but Toyota. So somebody likes their cars. One has to wonder how a company that sells so many cars is still struggling (assuming the article that started this thread is accurate).

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both GM and Ford are suffering in some respects but the rebuttal to that op ed (posted I think by James after a post or two, http://www.forbes.com/sites/boblutz/2012/08/17/chicken-littles-second-gm-bankruptcy-the-gold-medal-for-silly-op-ed-pieces/) suggests that the situation isn't as dire as the first op ed paints it.

at this point it is too early to know what direction these companies will head, because they are in some respects at the mercy of the global economies.

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