Well, the reason why Gm doesn’t want to pay for these cars is obvious:
Having to acknowledge that the cars are defective, and having to send noticed to several hundred thousand owners of these vehicles will be a publicity nightmare in the face of their new claims of how great they are at building well designed and built cars.
Are they going about this wrong?
They certainly are, in my opinion.
It would be better for them to have a silent TSB/Recall that whenever a client with an effected car shows up, complaining about tire wear, they replace the faulty parts free of charge, and make a customer very happy. So happy, their first stop when they need a new car might be right back to that same dealer.
Instead, “New GM” is functioning exactly the same way that “Old GM” would have.
So, for them to say “We’re not ‘Old GM’, and you can’t sue us for something that ‘Old GM’ built badly”, but yet keep acting exactly like “Old GM” did kind of casts a very bad light on them.
As for the whole political nonsense, Obama didn’t create this mess, GM did.
GM then took advantage of the economic situation that was unfolding when they saw that the US Gov’t was handing out free money to the Banks hand over fist with no strings attached, whatsoever. They thought they could get free money hand over fist just like the banks did, but they didn’t get their hand in the coffers while Bush was still in office, and the till was wide open for the taking, just like the Banks did.
Obama at least had the strength of character to put in some form of requirements on the deal.
I would say that the only reason why GM got a deal at all is because of the link between the Democratic Party, and Labor Unions. That would be the very same reason why Bush didn’t allow the deal to go through on his watch, since the Republican party would rather watch Labor Unions members lose all their jobs and power than help them in any single way.
That would also explain why the Banks got free money from the Gov’t without any strings attached, and only slaps on the wrist when bank execs were getting huge bonus’, and massive golden parachutes, walking away very jolly, even richer men after destroying the financial system.
Neither here nor there, but that’s my view on the whole mess.
I don’t hold anything against Bush or Obama for the GM bailout.
Odd though, that when I bought a new car earlier this year, it was a Mazda.
Or maybe that’s not really that odd, when you think about it closely enough.
BC.