Government Motors

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Hummer is doing very well, thank you....Don't that look oh so official?:rolleyes:


xel.jpg
 
nnuut said:
I just want ALL of our money back from GM, WHEN, HOW!
Click to expand...
Does that include the initial $15 billion before bankruptcy that was written off and forgotten by our oracles Brian and Diane and the rest of the administration's propaganda machine?
 
Troll Alert!!!

Thanks for the respect and adult discussion James, Mapper and others. Funny how some folks can go for 2 or 3 pages of heated dialect and never even mention the word liberal, conservative, republican or democrat. Others? well.... not so much.
 
Minnow said:
Troll Alert!!!

Thanks for the respect and adult discussion James, Mapper and others. Funny how some folks can go for 2 or 3 pages of heated dialect and never even mention the word liberal, conservative, republican or democrat. Others? well.... not so much.
Click to expand...

Troll and Adult being the key words here. Hence the reason I have decided not to get dragged into the losing discussion with people who think it's best to give free money away and tax success...

Good postings until now (sans FWM) everyone!
 
Unfortunately, we're (U.S. taxpayers) are still down about $25 billion on our investment. The stock price would have to double from here to break even. Could happen, I guess.

I also read that they plan to eliminate pension contributions for the 19,000 workers who still receive them and switch them to 401K contributions, so you must be torn about that. It helps us get our money back faster, but the unions can't be too happy about it.
 
tsptalk said:
Unfortunately, we're (U.S. taxpayers) are still down about $25 billion on our investment. The stock price would have to double from here to break even. Could happen, I guess.

I also read that they plan to eliminate pension contributions for the 19,000 workers who still receive them and switch them to 401K contributions, so you must be torn about that. It helps us get our money back faster, but the unions can't be too happy about it.
Click to expand...

The Unions of GM have said- they will do whatever it takes to make sure GM is profitable, that taxpayers get their money back, and that jobs remain. That hasn't changed. The commitment to a successful GM hasn't changed. It's real, and what has to be done, has to be done.

On the flip side- workers expect that once GM pays off it's debts, that GM will share the profits with it's employees in the years ahead.

When GM succeeds, it's employees succeed.

GM builds the best cars in the world. GM employees are the most productive car company employees
in the world.
 
I thought it was the white collar pension contributions, non union, that were eliminated? Does the $25B include the amount "invested" by the USG and lost in the bankruptcy? Were any secured bondholders forced to lose money like they were for Chrysler? On that matter all I've heard in defense of that governmental action is that they were meanies who deserved to lose money.
 
James48843 said:
GM builds the best cars in the world. GM employees are the most productive car company employees in the world.
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GM automobiles have gotten better but when you build the BEST cars in the world you generally don't need help to stay afloat. Your product does that for you. Bottom line, years of garbage got them into that mess.
 
WorkFE said:
GM automobiles have gotten better but when you build the BEST cars in the world you generally don't need help to stay afloat. Your product does that for you. Bottom line, years of garbage got them into that mess.
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Yep. Like the 1995 Chevy Cavalier I once had the misfortune to own. That experience turned me away from GM. It'll be a long while before I choose to buy GM again.

I'm almost convinced to get a used Ford F250 Super Duty Diesel pickup. I've been in need of a pickup, but I don't like giving up my gas sipping Toyota daily driver.
 
It ain't no gas sipper but they will have to pry my fingers from the steering wheel when I trade in my SD. I'm not sweating it yet, I've got another 250K miles to go.
 
Here you go Buster. A bit about the Chevy Volt.

As I said- it gets 25 to 45 miles on a single charge, which costs about $1.34, or about 3 cents per mile.

[video=youtube;JRj0FD5YIo4]http://www.youtube.com/watch?feature=player_embedded&v=JRj0FD5YIo4#![/video]​

Sure, the car costs a bit more on the front end. But the fuel you save over the long run pays for the difference.


Here's Jay Leno picking up his new Chevy Volt:
[video=youtube;XEUa0_17lsI]http://www.youtube.com/watch?feature=player_embedded&v=XEUa0_17lsI#![/video]
​
 
Well Buster- you posted that e-mail circulating Faux Business Channel Eric Bolling junk the other day about the Chevy Volt.

I showed you then that that piece was wrong, and the writer had erred in moving the decimal place one digit off.

Today, Snopes picks the falsehood apart:

snopes.com: Cost to Operate the Chevy Volt

Are you ready to buy a Volt yet?

Good deal---better MPG than a new Hummer. :D

:-)
 
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