G-government
M-motors
Now thats truth. If there so good why did they need the bail out, case closed.
not yet man, GM totally repaid the grant money, restructured their company & announced on GMA this morning, they have regained their #1 position as the largest company in the business. Mistakes, Yup, they've made some, ALL car companies have built some junk over the years. Still, there's something to be said about a company that's willing to take the steps, trim the fat or whatever else to recover. Like it or not GM is building some very nice vehicles these days.
They have not repaid the full bailout money and probably never will. They did repay a loan that was taken though. Big difference between bailout and loan. They should have trimmed the fat long before they needed a bailout. Not to mention after working on engines and bodys of these cars and trucks they are just biult to flimsy for me.
Ford realized things were getting tight and started to sell of things that they had acquired over time that werent really needed to keep business as usual. No bailout need here!
As for Chrysler/Dodge they have been constantly having money problems, hence the reason they have been owned by more people than most of our warriors have had owners!!! At the very least they should have been allowed to die out. If you cant sell enough vehicles to stay afloat and make a profit somethings wrong.
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