Author Topic: "Nope, we don't want to run private businesses!"  (Read 1282 times)

Offline firetoad

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"Nope, we don't want to run private businesses!"
« on: May 19, 2009, 08:39:41 PM »


GM bankruptcy plan eyes quick sale to gov't

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.




***Edited by Morning Sunshine, in accordance with DMCA rules and regulations.
« Last Edit: August 27, 2018, 07:11:24 PM by firetoad »

Offline Jimbo

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Re: "Nope, we don't want to run private businesses!"
« Reply #1 on: May 26, 2009, 08:28:34 AM »
 GM will now produce State sponsored products that will rival the Trabant and Yugo!! ;D

Offline cajunkraut

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Re: "Nope, we don't want to run private businesses!"
« Reply #2 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.

brentwrangler

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Re: "Nope, we don't want to run private businesses!"
« Reply #3 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?

Offline “Mark”

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Re: "Nope, we don't want to run private businesses!"
« Reply #4 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.