GM pushing the Treasury to sell stock in GM

http://www.marketwatch.com/story/gen...ort-2012-09-17

There goes my happy place. Fuck GM.

But, but, but

"Bin Laden is dead and GM is alive!"

You can't blame them for trying... Smart thinking for once on the .gov for not selling them 2/5ths of the stock they now own.

Eff GM. That's what they get for getting in bed with the government. I heard Dear Leader say GM was #1 again. How come their stock is so low? I'm so confused. I wish somebody would just tell me what to think.

thing is, does anyone really believe that GM would no longer exist if they hadn't gotten the bailout? come on, they would have gotten a nice restructuring like the airlines have gotten one by one. this was to save the unions

What I want to know is, did GM get shackled into not making Medium and HD duty trucks (over 1T) for 20 years by the remaining big 2 like they did to Chrysler during their bailout?

Quote:

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Originally Posted by Sharpienads

Eff GM. That's what they get for getting in bed with the government. I heard Dear Leader say GM was #1 again. How come their stock is so low? I'm so confused. I wish somebody would just tell me what to think.

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GM is also currently selling every single one of their Volts at a huge loss. $80K to produce and selling for $32,500, even less if you consider some of the crazy leases offered to move them. They've also shut down production to clear excess inventory because, even at crazy lease rates, they're not selling well.

#1 purchaser of Volt's,,, The FED.

Likely want to get out from under the Government's thumb, and pressure to produce stupid money losing vehicles like the Volt.

I drove a new Dart today. Was a really nice ride, powerful. And a pretty good price point, too!