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Re: lot of hate towards GM's ? Posted by cheaptech [Email] (#1856) [Profile/Gallery] (more from cheaptech) on Mon, 29 Aug 2016 08:07:52
In Reply to: Re: lot of hate towards GM's ?, Tom G [Profile/Gallery] , Mon, 29 Aug 2016 07:42:40 Members do not see ads below this line. - Help Keep This Site Online - Signup
I've owned GM products - although several decades back and they were very good cars and I don't hold any animosity regards the Saab deal, in fact believe that GM buying Saab and pumping lots of $$ into allowed Saab to perhaps stay in business longer than otherwise.
As a US taxpayer though I do find it offensive that GM was essentially bailed out in way that ultimately cost $10B to the US treasury while the "new" GMS built it's cash coffers to at one time $20B + , I think since reduced owing to the massive number of recalls. The responsibility for the structuring of the bailout deal probably lies more with US lawmakers, it should have IMO had a provision for total recoup of the "investment" in saving GM.
As MI Roger points out - how is GM repaying the US taxpayer - by moving as much as they can as soon as they can south of the border.
So when it comes to buying another GM product I will let those influenced by their inane ads step up to the plate.
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