Posted on 12/29/2008 1:40:20 PM PST by rabscuttle385
Despite just receiving $13.4 billion in government loans, General Motors (GM) hopes to make another federal cash withdrawal, probably in early 2009.
GM spokesman Greg Martin noted the automaker had originally requested $18 billion in "bridge loans" and revolving credit from the government in late November to help survive the recession.
Instead, talks stalled in Congress and the Bush administration acted on its own to approve $17.4 billion in loans, with $4 billion going to Chrysler.
(Excerpt) Read more at investors.com ...
Very good!
As well as BANKRUPT! Enough is enough.
Not in this family!
let me get this right, the f goverment tax,reg up to 1/3 of the cost of the car
Not if the UAW is going to force me to choose between bailing them out to prevent Chapter 11 restructuring, or "feeling guilty" about not buying American. I'll take the guilt trip, which is getting shorter with every entitlement the UAW throws at me.
They need to go out of business.
When our family get togethers it looks like a Chevy dealership, we have been loyal GM supporters for years.....my husband is now looking to buy a new car and it is not going to be a GM
He was a real a-hole.
Probably just a coincidence, right?
The government will probably force them to do that.
“Anyone buying a GM car in 2009,,or EVER”??
My Camry lease is up soon and I was thinking of checking out the local Buick dealer. I don’t want to buy/lease one. I just want to tell them that I will never buy a GM car until they go bankrupt and get rid of the UAW and lousy management.
Any other takers out there?
“Time for the pubbies to draw a line in the sand and just say HELL NO!!”
They DID. It didn’t help much. Thank you Jorge...
Who could have seen this coming? /s
Welp, that pretty much does it for me. No new GM cars for me! **** those guys, and **** the UAW.
Can we stop posting this stupid photo? The car in question isn’t even made anymore, nor did Ford take bailout money.
In a word ... no. The concept of the pic is accurate. And why isn’t that car made anymore — because it’s another crap car from Detroit that the public wasn’t buying. If you don’t like the pic, don’t look at it. Ford will prolly be at the trough in 2009.
All of these drivers and cars are scheduled to run Chevy's this coming year in the NASCAR Cup races. What happens if there is no Chevy?
Depends.
will it be bought with credit extended and interest free or will it be a money out of pocket purchase?
Payback maybe.
Money out of pocket, not no but he!! no!
Personally, I don’t want to pay taxes to keep Chevy supporting NASCAR. But that doesn’t matter.
The reality is — your and my tax dollars will keep the UAW going (and therefore Chevy), no matter if it bankrupts the country.
Those aren’t Chevies. They’re ‘the Car Of Tomorrow’ and the only thing GM about them is the badging on them.
All that happens is the stickers on the bodywork changes.
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