It’s toxic — stay away fromn this one. They’re looking to finance production of those lovely battery powered green mobiles.
Picture this: They raise $$$ from bond investors to produce these, nobody wants to buy them, they are forced to sell them at a huge loss and/or Obama gives them some stimulus $$$ or gives buyers big tax incentive to buy. Either way, more of the same idiocy...
GM should have been closed down and the union parasites who have bled the company dry should be left to starve.
“It’s toxic — stay away fromn this one. They’re looking to finance production of those lovely battery powered green mobiles.”
And additionally, the new CEO and new CFO have absolutely no experience in the automative industry...
Why on Earth would anyone buy this crap when the precedent has already been set that the Administration can f*** you out of your money any time they wish?