So, the combination of not paying any corporate taxes, not paying back tax payers for TARP or their multiple Bailouts, robbing the bond holders and GM China having a bumper year, we now have claims of profit...and that’s a model for corporate success! Yeah...right....I wonder if any Chinese GM workers are getting a tax payer bonus??
It’s more than just not paying taxes or paying back debts. It’s massive subsidies for car purchases. It’s fleet purchases of GM cars by the government (at full price, no doubt), It’s the government going after rivals like Toyota. You’d better be able to show a profit given these advantages.