GM Owes Johnson Controls $32 Million

Johnson Controls produces electronics on instrument panels, seats and consoles in General Motors cars.

[Robin]

GM should pay all outstanding debts from their stimulus money.If they dont pay debts owed then that is double stimulus.

[Yellow]

Robin wrote:

GM should pay all outstanding debts from their stimulus money.If they dont pay debts owed then that is double stimulus.

Don't worry, GM will pay their debts - plenty of taxpayer money to go around.

[richmond363]

Robin wrote:

GM should pay all outstanding debts from their stimulus money.If they dont pay debts owed then that is double stimulus.

Are you serious about Gm paying off money they owe any company? They are not going to pay any money to these companies. They are filing Chapter 11 which means they can put off paying JCI for as long as their in business. Let me say that last part again....as long as their in business. I've owned Buicks for the last twenty years and now I will never buy a GM car again. I am tired of the UAW getting paid what they're not worth. If the UAW would take what they're worth GM might have a fighting chance in the car market. Mark my words its only a matter of time before GM goes under.If it makes you feel better you can tell yourself that there is plenty of taxpayer money out there to pay off everything...the truth is with the United States loosing more than 6 million plus manufacturing jobs in the last few years there is no more tax money to pay for the suppliers. Might as well kiss them goodbye.

[wisernow]

Thank God it's JCI. The auto industry's way of doing business is ALWAYS right. JCI doesn't deserve any money, the way they do their employees.

[Yorklady]

You're right the auto way, or no way! I can't wait until JCI bites the dust!