aquaknight
Active Member
GM Repaid Government Loan Ahead of Schedule
GM Repaid Government Loan Ahead of Schedule
- Thread starter aquaknight
- Start date
kjr_trig
Active Member
Yeah yeah, I saw the commercial, GM still sucks.
Here is the actual story.
http://www.google.com/hostednews/ap/...7WW_QD9F7IM600
Here is the actual story.
http://www.google.com/hostednews/ap/...7WW_QD9F7IM600
aquaknight
Active Member
Originally Posted by bigarn
http:///forum/post/3261772
lol .. The news here said it would be a new plant in Detroit creating 1,000 new jobs! Go figure ..
Correct, the current plant in Detriot produces the Cadillac DTS and Buick Lucerne. Both models will be phased out, and the plant will begin producing the new electric-powered Chevrolet Volt, which will require more jobs.
But is part of the new movement with GM, all of their Mexican facilitates will be moved back State-side, starting with the Silverado/big SUVs.
Originally Posted by kjr_trig
http:///forum/post/3261775
Not trying to pick on them too much, but they repaid 8 billion of the, what, 61.5 billion they were "loaned", "gifted"? Not sure they should be patting themselves on the back too hard.
Part of bankruptcy/debt consolidation. What you originally borrowed and owe back, and what you actually end up paying back, are two different things. The current plan is to eventually pay back the $41.5bil that was lifted in the form of public stock, probably just after GM announces it's finally made a profit next quarter.
Though, if the US just had given GM several billion dollars every year, like Japan does to it's top earners (cough the big Japanese 3 auto manufactures), this whole mess would have been averted
http:///forum/post/3261772
lol .. The news here said it would be a new plant in Detroit creating 1,000 new jobs! Go figure ..
Correct, the current plant in Detriot produces the Cadillac DTS and Buick Lucerne. Both models will be phased out, and the plant will begin producing the new electric-powered Chevrolet Volt, which will require more jobs.
But is part of the new movement with GM, all of their Mexican facilitates will be moved back State-side, starting with the Silverado/big SUVs.
Originally Posted by kjr_trig
http:///forum/post/3261775
Not trying to pick on them too much, but they repaid 8 billion of the, what, 61.5 billion they were "loaned", "gifted"? Not sure they should be patting themselves on the back too hard.
Part of bankruptcy/debt consolidation. What you originally borrowed and owe back, and what you actually end up paying back, are two different things. The current plan is to eventually pay back the $41.5bil that was lifted in the form of public stock, probably just after GM announces it's finally made a profit next quarter.
Though, if the US just had given GM several billion dollars every year, like Japan does to it's top earners (cough the big Japanese 3 auto manufactures), this whole mess would have been averted
stdreb27
Active Member
Originally Posted by reefraff
http:///forum/post/3261789
At the end of the Bankruptcy the government gave GM a 16 billion dollar line of credit. THAT IS WHAT THEY ARE USING TO PAY BACK THE GOVERNMENT. What a crock.
hehehe, so they're kind of getting in a little bit of trouble for their ads...
http://www.foxnews.com/politics/2010...h-advertising/
So who is less believable a car salesman or a politician? How about politically appointed car salesman... And we are surprised they try and pull this kind of crap.
http:///forum/post/3261789
At the end of the Bankruptcy the government gave GM a 16 billion dollar line of credit. THAT IS WHAT THEY ARE USING TO PAY BACK THE GOVERNMENT. What a crock.
hehehe, so they're kind of getting in a little bit of trouble for their ads...
http://www.foxnews.com/politics/2010...h-advertising/
So who is less believable a car salesman or a politician? How about politically appointed car salesman... And we are surprised they try and pull this kind of crap.