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Anyone else think these Chevy family employee commercials are bad timing considering all the families that just found out they're losing their jobs just before the X'mas?
I agree with Trump. If you have to have the American taxpayer bail you out of bankruptcy, You are obliged to U.S. If you are going to leave Chinese plants open and close ours, then next time you can let the Chinese bail you out! "The U.S. government lost $11.2 billion on its bailout of General Motors, almost $1 billion more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.Apr 30, 2014"
Re: Bad Timing Chevy?
[Re: squacks]
#6392913 12/07/1810:29 PM12/07/1810:29 PM
I agree with Trump. If you have to have the American taxpayer bail you out of bankruptcy, You are obliged to U.S. If you are going to leave Chinese plants open and close ours, then next time you can let the Chinese bail you out! "The U.S. government lost $11.2 billion on its bailout of General Motors, almost $1 billion more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.Apr 30, 2014"
You are spot on. GM took all of the money from the US tax payers and did nothing to protect jobs here in the US, but is spending our taxpayer dollars creating jobs in China. There was only 1 auto company in the US that refused the bailout money (Ford Motor Company) they are suffering from low car sales also, but are not idling any of their plants.
For me its not just about the bailouts, its the disconnection from working people.
The company puts out a heart warming commercial based GM family values and loyalty at the same time they're announcing devastating news to workers families.
While i am a loyal gm fan i think the government bailout was a very bad decision
I agree. "Too big to fail" is anti-American and anti-capitalism.
GM and Chrysler should not have been bailed out. There were businessmen and entrepreneurs like Roger Penske ready to fill the void with new ideas and new American car companies. Instead , ten years later, we have the same old mismanagement and abysmal quality control that caused these companies' bankruptcies in the first place.
Chrysler is owned by Fiat now, an Italian company and GM sold most of it's "non-core" brands ( Saturn, Hummer, Pontiac and Saab) to overseas interests.
The entire fiasco was a huge kick in the balls to the American taxpayer.
The bailout was dumb. All bailouts and subsidies of any sort are anti-free market and are essentially welfare. If an industry or business can't stand on it's own two legs then let it fail.
I would never buy a GM vehicle again. The last 3 or 4 had been nothing but trouble. Seems they were in the shop for repairs more than they were on the road. Not due to abuse or high mileage either. Switched back to American made Toyota’s 2 years ago. That’s where I’ll stay.
I would never buy a GM vehicle again. The last 3 or 4 had been nothing but trouble. Seems they were in the shop for repairs more than they were on the road. Not due to abuse or high mileage either. Switched back to American made Toyota’s 2 years ago. That’s where I’ll stay.
I don't have Toyota money but if I did I would be right with you.
In another post(pearl harbour) someone said that the Japanese companys like Toyota used American and Commonwealth slave labour (captured ww2 soldiers)to enrich their companys and many are inadvertently supporting that by buying their products today.
Last edited by Boco; 12/08/1804:04 PM.
Forget that fear of gravity-get a little savagery in your life.
I would never buy a GM vehicle again. The last 3 or 4 had been nothing but trouble. Seems they were in the shop for repairs more than they were on the road. Not due to abuse or high mileage either. Switched back to American made Toyota’s 2 years ago. That’s where I’ll stay.
I don't have Toyota money but if I did I would be right with you.
So you’re implying Toyota’s cost more than an equivalent Chevy? I didn’t find that to be the case. My ‘16 Tacoma was the same, or slightly less than a comparable Colorado. And a much better built truck. IMO
If Toyota (non union) and GM (union) vehicles cost the same...and all this profit from the vehicles are going to “overpaid” employees and pensions, what is Toyota doing with that extra money?????
I just picked up a new chevy yesterday. As near as I can estimate a Toyota would have cost me about $7500 - $10,0000 more than the chevy. I'm talking crew cab with about everything possible on it. I don't see any extra value in a Toyota. Chevy dealers everywhere Toyota dealer nowhere. Chevy's cheap to fix Toyota not so cheap. I only run my chevy's 200,000 ('91, '97, & '07). The '07 is still going strong and it has had no major repairs. FWIW the government should stay out of business and let the fail or prosper on their own.
While i am a loyal gm fan i think the government bailout was a very bad decision
I agree. "Too big to fail" is anti-American and anti-capitalism.
The entire fiasco was a huge kick in the balls to the American taxpayer.
Originally Posted by loosegoose
The bailout was dumb. All bailouts and subsidies of any sort are anti-free market and are essentially welfare. If an industry or business can't stand on it's own two legs then let it fail.
Couldn’t agree more. Failure (or the threat of it) is what creates efficiency. Going bankrupt and being taken over by a non-unionized manufacturer would have been the best thing that could have happened to GM. Unfortunately the US government showed up to save the day. Unionization is kind of self-defeating when it makes labor so expensive it results in the loss of jobs. But don’t worry, the union bosses that made it that way still got paid.
Originally Posted by JTfromWV
Would you prefer they stay open and produce a product at a loss?
No, they should figure out how to operate their business successfully and competitively.