Along with my HDTV buying (looking, looking not buying), I think of buying a new car. GM had some reasonable cars with fairly good mileage. But I can't see buying a Government Motors car now. P.O. has said that he will not interfere with day to day operations (besides putting a 31 yr old law school drop out in charge of the government oversight with no automotive experience) except in important matters. He believes in small fuel efficient cars for others (remember his SUV's before the election); but in general people who have kids want something bigger. It is hard to make money on small cars but he will force GM to go there.
We have spent $50,000,000,000 in helping GM to avoid bankruptcy (well not really since they declared it). What about Ford, they did not take any government money are running fairly well now? If we buy a car, it would probably be a Ford to show that we are for the free capitalistic market.
We have some GM stock which gave us a fairly good dividend for many years. But since P.O. believes the gov & UAW deserve the stock it is now worthless. Fortunately for us we do not completely depend on GM stock for our retirement; but there are many people who used GM stock as the backbone of their retirement. I feel sorry for them; once again screwing the people who tried to play by the rules. Others bought GM bonds and even though they are supposed to be senior debt; P.O. has screwed them in favor of the UAW.
I guess my point is where has the government ever run anything efficiently?
If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1000 MPG Bill Gates
The fact that GM opted to cut production a lot rather than raise incentives again suggest the jig is up. The kinds of levels we`re seeing will be there, but I don`t know we`ll get incrementally higher. David Bradley
I was encouraged to hear that GM has made great progress on the hydrogen car. Albert Wynn
car (n) a road vehicle, typically with four wheels, powered by an internal combustion engine and able to carry a small number of people
ORIGIN late Middle English (in the general sense [wheeled vehicle] ): from Old Northern French carre, based on Latin carrum, carrus, of Celtic origin.