Posts Tagged ‘GM’

It really is not a surprise that the US government will buy GM if it goes into bankruptcy. It owns it for all intents and purposes now. Is it possible, though, that that Obama may have learned his lesson regarding steamrolling Chrysler’s senior creditors? Let’s hope so because the entire episode was ugly and unbecoming [...]

I was very disappointed although thoroughly unsurprised that President Bush approved a $17 billion bailout for Chrysler and GM. Ford, to their credit, declined the money but supported the bailout of the other two companies because its CEO argued that Ford’s success as a company is intertwined with the success of Chrysler and GM.
Ford was [...]