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GM may need more money

Discussion in 'The Furball Forum' started by alecat88, Sep 23, 2012.

  1. alecat88

    alecat88

    505
    0
    Apr 25, 2004
    Michigan
    I've heard that GM is in touble again and may need yet another bail out. Should the tax payers be on the hook for another tax funded bailout ? Will you buy another new GM vehicle? Obummer violated bankruptcy laws when he forced GM in to bankruptcy and made them keep there UAW contracts. three letter why they may need another bail out! I work at one of the dealers that lost its GM franchise and when that sign came down the owner died shortly after that. So i'll never buy another new gm vehicle maybe a used one but never a new one.
     
  2. NEOH212

    NEOH212 Diesel Girl

    8,983
    11
    Mar 25, 2008
    North East Ohio
    Let em fall like they should have done the first time.

    To hell with Government Motors.

    (They make junk anyhow.)
     


  3. Guss

    Guss

    3,923
    207
    Jul 1, 2010
    Tampa
    With last quarter's income of $1.5 billion?
     
  4. Rocknropes

    Rocknropes

    753
    23
    Mar 11, 2008
    Maybe if they started looking at their competition and actually build cars that people want to buy (with the exception of Cadillac and the new corvette/camaro), they wouldn't need a bail out.

    However, I must admit they've gotten a little better, but if they want to outsell the competition, they REALLY need to step up their game.

    Ford did it. Hyundai and Kia did it.

    Come on, GM...
     
  5. Read Detroit: An American Autopsy.

    See if you ever want to buy a GM car again.
     
  6. attrapereves

    attrapereves

    2,099
    0
    Sep 11, 2011
    Midwest
    Hudson, Studebaker, and Packard all went bankrupt and the government did nothing. They shouldn't have done anything about GM.
     
  7. hellzno

    hellzno

    12
    0
    Jun 25, 2014
    I agree GM should FAIL!! If I get into financial trouble I get no help. Why should a business? Especially with some of my tax money.
     
  8. JMag

    JMag

    6,920
    949
    Feb 7, 2001
    USA:Love it or leave!
    I would never miss them.


    Sent from my iPhone using Ohub Campfire
     
  9. itstime

    itstime

    7,176
    17
    Apr 9, 2006
    USA
    I'm betting all the executives make the same or more after the bailout.

    I never understood why the gov bailed them out. Let them fail and reorganize without the union.
     
  10. RichardB

    RichardB Silver Member

    1,655
    107
    Jul 29, 2007
    NC
    To be fair Obama was working off a version of the plan Pres Bush used to send our tax money to the Wall Street investment/ mortgage firms. Of course those folks had no union contracts and many workers were let go while most of the fools in charge continued drawing a salary on our dime.