It looks like GM will soon be owned by the UAW(17.5%) and the rest by the government. There is no precedent of this anywhere, I believe, other than Renault and Volkswagen, but they did not have Union ownership. What are the chances this will succeed in a very tough world market?

It looks like private enterprise is alive and well!! This weekend we will witness the birth of a NEW car company. Magna International has succeeded in buying the European division of GM, Opel, which includes the Vauxhall division in England and a large manufacturing plant in Belgium. This plant made…

Yes, Cig, I do believe the executive branch has run afoul of its charter as intended by the founding fathers. Yes, Cig, I do believe our tax dollars are being used inapprpriately…by the trillions. Yes, Cig, I do believe what’s being done will ultimately plunge this country into either a prolonged …

At noon on Friday, GM stock began the final plunge to $0.00 as the last speculators bailed out. A huge disruption in The Force is sweeping across the galaxy…Trying to put a Happy Face on this just doesn’t work…

When I referenced stomping the dreams of the early republic, I wasn’t talking talking about things that happened in the last decade (AIGs & artificially low interests rates & real estate bubbles & etc.) I was talking about what happened through the 19th & into the early 20th century. That is when …

I see your point, but I would argue that the real problems started in the latter half of the 20th century. The feds’ push in the 1970s to make low-interest high-risk loans available to those that could not afford homes through conventional loans, the subsequent deregulation allowing creative financi…

Gentlemen, we have our answer. We are watching history unfold. End of an Era: GM Going Bankrupt on Monday Posted May 29, 2009 12:20pm EDT by Henry Blodget From TheBusinessInsider.com , May 29, 2009 GM will file for bankruptcy on Monday, Bloomberg says. It will then split into a “good GM, bad GM,…

Again…I care only for the financial woes of GM in so far as it affects the jobs of American workers. It is still a wonder why we are financing the dismissal of so many workers. Instead of bailout funds, I repeat my suggestion to my two state SENATORS. Use the money to subsidize the purchase of motor…

If I understand you correctly, you’re suggesting that our tax dollars should have been funneled into GM via the purchase of their product rather than their stock? I like that idea. The vehicles could also have been used as federal support to states and municipalities…not as displacement for current…

Is it just Magna, or is Sberbank still in the mix? If Sberbank is still a partner, they would hold the major share (35%), Magna would hold 20%, GM would hold 35%, and Opel employees would own 10%.

Viability of GM (Government Motors)

General Discussion

the_same_mountainbike May 29, 2009, 6:43pm 25

Perfectly stated.

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Viability of GM (Government Motors)

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