Why GM Is a Lousy Model for Economic Revival
The 2009 bailouts of General Motors and Chrysler kept two iconic companies, hundreds of suppliers and many thousands of workers from becoming additional victims of a brutal recession.
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#1 Jan 28, 2012
GM North America does not make profit from autos to pay the interest from gm and ally, and the chance of GM stock getting to $53.00 per share is not reality! GM wont break to 26.00 range this year! GM stock will be $15.00 per share by july
#2 Jun 15, 2013
You know Government Motors is poor economic model when they have to have their customers sign paper work acknowledging the fact that they are in business to make money when it comes to GM parts and accessories ie you will be gouged so they can pay back the people for decades of incompetent and ignorant management.
The article talks about sustainability. High prices don't lead to sustainability especially if they are not in line with economic conditions. If people can't afford it or were gouged they will not return OR recommend their business. The bailout served one purpose to save the taxpayers SOME money on social programs like unemployment, food stamps, medicaid etc. Other than that, was a planned manipulation of political statistics or the bailout a really good business decision?
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