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Akerman's (Ackerman?) comments last week that the public has forgiven/forgotten the bailout GM received is pure hog wash and illustrates how out of touch executives of large businesses are with the public.
GM is reported to have $40 Billion of cash on hand and needs to figure out a way to make the US Treasury whole on their equity investment in New GM, and to repay the "No Strings Attached" cash they received too.
Only then will people forget. Today's announcement of 7% November sales increase for GM, when Chrysler and VW reported increases greater than 40% for the same period, only serve to repudiate the opinion of GM's CEO.
posted by 68.43.27...
_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles
Posts in this Thread:
- Interesting comment on Detroit business radio tonight, MI-Roger
, Wed, 30 Nov 2011 17:33:16- I suspect the Buick brand is not flying..., Mark from Toronto, Thu, 1 Dec 2011 20:23:01
- Unfortunately, Saab brand is worse than a new brand now, dmz789qqq, Fri, 2 Dec 2011 08:43:23
- Buick sales up 52% last yr, another 18% so far this yr, BlueWhite, Fri, 2 Dec 2011 07:50:15
- Re: I suspect the Buick brand is not flying..., No Snaab, Fri, 2 Dec 2011 04:43:03
- Re: Interesting comment on Detroit business radio tonight, Keith
, Thu, 1 Dec 2011 08:12:10
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, Thu, 1 Dec 2011 13:24:46
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, Sat, 3 Dec 2011 07:43:59
, Fri, 2 Dec 2011 06:44:57