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Old 05-07-2010, 06:55 PM   #102
BigAls87Z28
 
Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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GM is trying to get itself out of the limelight of the right. No one there wants to talk about BK, and they dont ever want to go back.
GM is full of some bright people, but I cant imagine that they thought they could pull the wool over our eyes. I cant imagine that the current administration would make a mistake like that after being attacked from day one!
Maybe Im just more optimisitic then some.
All of GM's new cars are selling well, and at high transaction prices and with no rebates.
GM is still spending money because they must get new and better product out faster then everyone else.
GM wants to clean up thier image so that they can launch an IPO, and regain its independence again. No one at GM wants the "Goverment Motors" moniker anymore. therei s no one inside, feet up on the desk, looking out the window with a smile on his face because teh goverment has thier back.
GM wants to get out of the line of fire asap. They see Ford's squeeky image since they didnt take any direct bail out funds or owned by the goverment. They want that.
GM will most deffinatly need loans in the future, as they have always have.
Prior to bail outs, GM as well as Ford and Chrysler, has had to rely on banks for funding, as foriegn companies could always go back to thier goverments for help in either funding or regulation.
Now Im not blaming the Japanese or the Europeans for GM's financial demise. GM made mistakes years ago, and it finally came back to haunt them at the worst moment possible.

I cannot imagine GM, with every right wing pundit and political member weeding through financial statements and books trying to find something, pull such a move like that. Maybe its just me. Could there be some fishy stuff going on, Im sure at some level.
Did GM give back money that was loaned to them by the Treasury because they no longer need it? Yes. Was it as clean and easy as they might have made it out to be in the commercial? Probably not, and it never is.
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