Driven To The Brink »
Posted By STONERS 5 months, 3 weeks ago in Business & Finance
GM and Chrysler have staked their future — and some $20 billion of taxpayer-backed loans — on the idea that they can reinvent themselves as lean, green and mean manufacturers of small and fuel-efficient cars and electric-drive vehicles.
Read Full Story at blogs.reuters.com »
389 Views Share Story 11 Comments Report
Submitted By:
STONERS
Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...
Who Also Submitted:
RSS Join the Discussion
+ Add CommentComments So Far: 11 (view all)
-
-
100%
mmrhe5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
As the Pay-Gap widens between the 'Haves' and the 'Have Nots', should we really be surprised that those at the top have become completely detached from reality?
Reply
In fact, isn't this detachment at the very core of our current meltdown?
The Auto Industry is no different from the banks or the Wall Street Traders.
Long term sustainability is secondary to their own short term gains.
Everyone else be damned!-
100%
Endoscopy5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
There is the ignorance of the liberals. That old hackneyed phrase is not in reality. But you libs just keep repeating it like it is true. The actual fact is that many of the poorer have moved up into Middle clas and many middle class have moved up into the rich. Just keep the lies coming.
Reply
-
-
100%
quackpot5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
The first warning came about 30 years ago when the gas crisis was far worse than a $4.00 a gallon price.
Reply
The second warning came when Detroit achieved a reputation for shoddy products that, even after a decade of quality lingers on in the consumer's mind.
For 30 years, the U.S. auto executives have been paid HUGE salaries to oversee the demise of their companies. perhaps this latest crisis will wake the dinosaurs up? -
Neutral
szala1235 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
This is good one
Reply
full time part time jobs -
Neutral
Justice4All5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
When Airbus took governmant loans the US cried fowl. Even though all the loans were repaid the US and Boeing claimed unfair competition. Even when Boeing received huge tax breaks...
Reply
So now we make loans to auto manufacturers so they can compete with the foreign auto industry. -
100%
pokydoke5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
GM has been making junk for years. Looking at Consumer Reports list of cars that have the most mechanical and electrical problems, GM tops the list. My Wife used to buy Saabs and after GM took them over the cars became expensive pieces of junk. Her last one had 60k miles on and it was undriveable. Dig a ditch and push them in.
Reply -
hefaa1Comment removed: Hard Banned
More News
Daily Finance
The coming natural gas boom is not all it's 'fracced' up to be
The Crash of 2008: It's the Panic of 1825 all over again (also 1837, 1847, 1866 ... )
Franklin fund bought into Cadbury hoping for buyout deal
Cruise wars: To lure tourists back, companies vie to launch biggest ship
Broader unemployment rate hits 17.5% as companies get smarter about staff
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.