The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: firetoad on May 19, 2009, 08:39:41 PM

Title: "Nope, we don't want to run private businesses!"
Post by: firetoad on May 19, 2009, 08:39:41 PM


GM bankruptcy plan eyes quick sale to gov't (http://www.reuters.com/article/mergersNews/idUSN1943363120090519)

Quote
By Chelsea Emery and Tom Hals

NEW YORK, May 19 (Reuters) - General Motors Corp's (GM.N) plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.




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Title: Re: "Nope, we don't want to run private businesses!"
Post by: Jimbo on May 26, 2009, 08:28:34 AM
 GM will now produce State sponsored products that will rival the Trabant and Yugo!! ;D
Title: Re: "Nope, we don't want to run private businesses!"
Post by: cajunkraut on May 26, 2009, 09:07:50 AM
GM will now produce State sponsored products that will rival the Trabant and Yugo!! ;D

I feel sorry for everyone trying to get warranty work done at a government car dealer.
Title: Re: "Nope, we don't want to run private businesses!"
Post by: brentwrangler on May 26, 2009, 12:34:23 PM
As GM  has proven to be a grasshopper car company...can anyone show me an ant car company?
Title: Re: "Nope, we don't want to run private businesses!"
Post by: “Mark” on May 26, 2009, 12:48:03 PM
As GM  has proven to be a grasshopper car company...can anyone show me an ant car company?

Porsche. They essentially took over Volkswagen, a company many times their size, through sound financial management and a short squeeze temporarily making Volkswagen the company with the biggest market cap in the world.

Toyota has also done very well, losing money in only 1 of 60 years (last year). That's pretty decent.