Yep but when your make billions of dollars you keep a nation ticking over with all the flow on effects from making cars and keeping people employed. The quality of your product is not really a issue. classic GM
nightboss,
Oct 29, 3:20pm
Have GM paid back the US$11.2 BILLION bailout from the US government yet?
jgiblin,
Oct 29, 3:24pm
oh bail out not loan. :-)
tamarillo,
Oct 29, 3:24pm
Read good overview of industry where analyse says that car makers are having to put cars out on market too quickly, that modern tech should require car to be longer in fruition. But they count costs and figure that it's better to put it out on market once a certain level of testing is done knowing there may very well be recalls but the cost of them is less than profits to be made getting it on sale now, not later. Hope that makes sense I didn't explain it well.
3tomany,
Oct 30, 8:28am
no they don't have to and i think you will find there is a lot more than that when you include creditors, subsidiary companies buried, pension funds, etc. recalls don't bother me though as all companies get stuck with these.
paul861,
Oct 30, 11:06am
another day closer to being bought out by ford
tamarillo,
Oct 30, 12:43pm
Wrong I think. All loans (which took form of stock) have been paid up by govt selling last of the stock it took.
It's not a simple situation granted but they no longer owe govt anything and have in effect paid back the bailout money.
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