Skip to comments.GM pledges $833M investment in Canada through 2016
Posted on 07/24/2012 5:31:07 PM PDT by The Good Doctor
DETROIT -- General Motors says it plans to invest $833 million in Canada for research and development. The company says it began spending the money in 2009 and will invest at least $150 million per year through 2016. Much of the money will go to a research center in Oshawa, Ontario.
(Excerpt) Read more at miamiherald.com ...
more Odungo outsourcing......
That would be with my tax dollars, right?
Hey, Government Motors!! You can do whatever you want with YOUR money, just as soon as you pay the $35 Billion of OUR money that you have!!!
Why isn’t that money being invested in the US?
BTW, has GM repaid the loans that “we the people” lent to it ?
Have the non-union pension funds been restored to the same level as the union funds?
Has”our” Treasury sold the GM stock that “we the people” received as part of the bailout?
We have to get some adults in charge...
USD or C?
Since then, I probably have owned more GM cars (especially my favorite way back when "P's" or Pontiacs) than any other make.
I will NEVER buy another GM product.
The federal government of Canada (aka GouvFedCan in bilingualspeak) took my hard earned dollars to ‘invest’ in Government Motors. To save 7,500 VERY high paying union jobs (CAW, the canuck version of the UAW) in Oshawa Ontario, the GouvFedCan spent $9.5 billion on GM ($1.4 billion loan and an ‘equity’ purchase of 11.7% for $8.1 billion). So, allowing that GM has ‘paid back’ the loan, each one of those 7,500 jobs in Canada cost a mere ‘investment’ of $1.08 million! If the GouvFedCan were to offer me this amount, I think tht I could hire someone for easily 10+ years, subject to a small handling charge for my efforts. All joking aside, what a waste of taxpayers (MY) money!
On the one hand, it is good that there will be some investment in Canada, as so much of my money was ‘invested’ by GouvFedCan, though the investment is in Ontario. Unfortunately, Dolt-on McSquinty makes Moonbeam appear almost ‘Reaganesque’ in nature.
In any case, I would not buy a new GM or Chrysler, instead, perhaps a Ford or foreign car (preferrably made in US or Canada).