Quote:
Originally Posted by BigAls87Z28
GM didnt get 25 billion, and its still not signed off yet.
The 25 billion is for the Big 3 AND suppliers. GM would see about 3-4 billion of it. Not a bunch when you figure out that the capital to launch a program like the upcoming Epsilon 2 midsized sedan is about that much.
GM wants 10 billion, but the majority of it would go to VEBA to help support the retirement program that GM set up with the UAW.
3-4 billion would go to helping with the merger.
Delorenzo is one of the biggest critics of the Big 3. Read his other rants, there is a wealth of info from him. I like reading his stuff, even if I dont agree with some of them.
|
Regardless, they're asking for a handout and it's ridiculous. The article you posted doesn't hold GM accountable really...at the end of the day they screwed up...they screwed up their product line, they have horrible marketing/advertising and had piss poor vehicles for a long time.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
|