Strictly Street Posted December 17, 2013 Report Share Posted December 17, 2013 (edited) http://www.usatoday.com/story/money/cars/2013/12/16/general-motors-gm-bailout-repayment/4043607/ WASHINGTON -- The General Motors bailout may have cost the government $10 billion, but GM CEO Dan Akerson rejects any suggestion that the company should compensate for the losses. He says Treasury officials took the same risk assumed by anyone who purchases stock. I would have to dis-agree. They used my money not their own so there was no risk to them. He said GM's bloated and overly complex operations have been streamlined, products are better and, with the government's help, a crushing debt was reduced. Not reduced, transferred to me and you. "This will bring the four-year total of investments in our U.S. plants to more than $10 billion," Akerson said. He said about 7,500 people already work in those five plants and today's announcements will create or retain more than 1,100 jobs. Odd how the numbers are so similar. Treasury lost 10 billion and they are investing 10 billion. Taking Taxpayers Out for a Ride http://www.usnews.com/opinion/blogs/peter-roff/2013/10/17/gm-and-the-obama-administration-took-taxpayers-for-a-ride Edited December 17, 2013 by Strictly Street Quote Link to comment Share on other sites More sharing options...
magley64 Posted December 17, 2013 Report Share Posted December 17, 2013 *shrug* I think it's better to have a thriving american auto industry than an extra 10 billion in government money... Quote Link to comment Share on other sites More sharing options...
YSR_Racer_99 Posted December 17, 2013 Report Share Posted December 17, 2013 GM survived, but not here in Dayton. I shake my head every time I drive by one of the shuttered plants around here, mostly Delphi in Moraine. Somehow, the area has sort of survived. Sort of. Not sure where all of the workers went. GM screwed Dayton.GM screwed America (or at least those of us who pay taxes). Screw GM. If I were shopping for a new car, I wouldn't even consider GM nor Chrysler. Quote Link to comment Share on other sites More sharing options...
Tonik Posted December 17, 2013 Report Share Posted December 17, 2013 Chrysler. That's the one the really pisses me off. Second time we have bailed them out. They needed a bunch of contract concessions this time around. They told the stamping plant in Northfield that their plant was safe if the deal came together. Northfield plant passed the contract and within a few weeks Chrysler announces that the plant was closing. Quote Link to comment Share on other sites More sharing options...
smashweights Posted December 17, 2013 Report Share Posted December 17, 2013 That's the one the really pisses me off. Second time we have bailed them out. They needed a bunch of contract concessions this time around. They told the stamping plant in Northfield that their plant was safe if the deal came together. Northfield plant passed the contract and within a few weeks Chrysler announces that the plant was closing. And now it's an Italian company. Quote Link to comment Share on other sites More sharing options...
DAC Posted December 17, 2013 Report Share Posted December 17, 2013 It's down to Ford and Honda for car choices now. 1 Quote Link to comment Share on other sites More sharing options...
magley64 Posted December 17, 2013 Report Share Posted December 17, 2013 It's down to Ford and Honda for car choices now. Why honda? Quote Link to comment Share on other sites More sharing options...
DAC Posted December 18, 2013 Report Share Posted December 18, 2013 Why honda?Ohio auto manufacturer that makes a good product. Quote Link to comment Share on other sites More sharing options...
Anden Posted December 18, 2013 Report Share Posted December 18, 2013 Why honda? Ohio auto manufacturer that makes a good product. This! And keeps a lot of others employed in and around Ohio. Me being one of them. The company I work for is a vendor to them. Quote Link to comment Share on other sites More sharing options...
smccrory Posted December 18, 2013 Report Share Posted December 18, 2013 This! And keeps a lot of others employed in and around Ohio. Me being one of them. The company I work for is a vendor to them. I sure wish they'd start making motorcycles here again. Maybe someday. Quote Link to comment Share on other sites More sharing options...
magley64 Posted December 18, 2013 Report Share Posted December 18, 2013 ahh, Ohio... got it... Quote Link to comment Share on other sites More sharing options...
smccrory Posted December 18, 2013 Report Share Posted December 18, 2013 Yea, going beyond Ohio, I'm a fan of Toyota as well, owning a 2009 RAV4. GM does nothing for me. Quote Link to comment Share on other sites More sharing options...
magley64 Posted December 18, 2013 Report Share Posted December 18, 2013 most people on this boycott bandwagon are anti toyota/honda because the "profits" go to japan. Quote Link to comment Share on other sites More sharing options...
smccrory Posted December 18, 2013 Report Share Posted December 18, 2013 Instead of the Cayman Islands. 1 Quote Link to comment Share on other sites More sharing options...
madcat6183 Posted December 18, 2013 Report Share Posted December 18, 2013 No. That would be typical union speak. I'm smarter than that.No comment about the last part But 100% right, Honda and Toyota are more American than the big 3 ever will be again. And this is coming from a diehard Ford owner, but yep, more components are made in the US for those 2 cars than the other 3 and it's not even close. Not just "assembly" but components. Quote Link to comment Share on other sites More sharing options...
TopLeft Posted December 18, 2013 Report Share Posted December 18, 2013 I sure wish they'd start making motorcycles here again. Maybe someday.It's being considered, but we (almost 14 years at marysville auto plant!) need a much larger plant for all the models. Our business plans requires multiple model platform production. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
TopLeft Posted December 18, 2013 Report Share Posted December 18, 2013 No comment about the last part But 100% right, Honda and Toyota are more American than the big 3 ever will be again. And this is coming from a diehard Ford owner, but yep, more components are made in the US for those 2 cars than the other 3 and it's not even close. Not just "assembly" but components.+1First hand knowledge. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
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