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They also say they will not take back the vehicles dealers have or parts. Saw a video taken from the air of GM vehicles being stored out in the open on huge acreage.Looks like they need to sell them at cost as the detroit auto commentator said he had never seen anything like it.
Ladies and gentlemen....this is Barry Obama's idea of an auto bailout and job creation!
Well at least the UAW will still be paid even though their entire industry is crumbling. Wonder if anyone's told them that once the other two go down, their precious pensions won't be there.
Hard to sustain a business when you're paying people that haven't worked there for 20 years. Not a great business model.
They also say they will not take back the vehicles dealers have or parts. Saw a video taken from the air of GM vehicles being stored out in the open on huge acreage.Looks like they need to sell them at cost as the detroit auto commentator said he had never seen anything like it.
Prime time to be buying a new car I say.. hell, they'll be giving it away soon..
I'll stick with my trusty Volvos, thank you. At 282K, the 82 is just getting broke in. And the 73 is being overhauled as I type. My 81 Chevy pickup, well, it's gold in my book.
Ladies and gentlemen....this is Barry Obama's idea of an auto bailout and job creation!
Well at least the UAW will still be paid even though their entire industry is crumbling. Wonder if anyone's told them that once the other two go down, their precious pensions won't be there.
Hard to sustain a business when you're paying people that haven't worked there for 20 years. Not a great business model.
I read somewhere that the avg. dealership employees 46 people. 46 x 3400 dealers = 156,400 jobs lost at dealerships during the restructure of GM & ChryCo. Chrysler & GM combined have approximately 180K employees on the payroll. So we paid something like $40B tax dollar to save 180K jobs while flushing 156k jobs down the toilet.
What did we get for our money again?
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