Government Motors

[roadrunner2012]

http://dealbook.nytimes.com/2013/12/09/u-s-sells-remaining-stake-in-gm/?ref=business&_r=0

Automotive specialists said the aggressive intervention by President Bush and President Obama was necessary to prevent a total breakdown of the industry — one of the largest manufacturing sectors in the American economy.

“It had to be done because the entire industry was in a depression, and it could have dragged the whole country into one,” said David E. Cole, the former chairman of the Center for Automotive Research in Ann Arbor, Mich.

A report released recently by Mr. Cole’s organization estimated that the government’s auto bailout helped save 1.2 million jobs in the United States, including employment by suppliers and dealers.

The healthy state of the industry today is in contrast to when it began its free fall five years ago.

 

[roadrunner2012]

Also:
http://www.freep.com/article/201312...-bailout-costs-Center-for-Automotive-Research

Was it worth it?
The study, was compiled by the Center for Automotive Research in Ann Arbor, also estimated that by rescuing GM and Chrysler, the government “saved or avoided the loss of” $105 billion in lost taxes and social services such as unemployment insurance and food stamps.

 

[Babagounj]

So GM used their unspent portion of the bailout funds to repay the loans .
In what financial world is that legal ?

 

[Babagounj]

Companies rise & fall everyday .
That is how the system works .
When one company fails , something else comes along to replace it .
What we have here is a government that is short sighted and using fear to justify their lack of business knowledge .
I could never understand just what a "saved job " really was .
But I do understand what a $10 B loss is .

 

[moreluck]

Obama claims the auto bailout was a success.........how come the taxpayers are on the hook for $10 billion ??

 

[ImWaitingForTheDay]

Obama claims the auto bailout was a success.........how come the taxpayers are on the hook for $10 billion ??

If you bought a Volt it would have been less.....

 

[island1fox]

If you bought a Volt it would have been less.....

iwftd,

Buy it ?? I am waiting till Obama gives them to us for FREE !!!

 

[moreluck]

If you bought a Volt it would have been less.....

Why, so I could have a POS vehicle that catches on fire ???

 

[ImWaitingForTheDay]

Why, so I could have a POS vehicle that catches on fire ???

You must have one of those new fangled cars that run on water,cause gasoline never catches on fire..Guess Paul Walkers car was battery powered..Right........

 

[island1fox]

I do not care to follow all the "Hollywood" news ---but are you referring to a car going at a very high speed and a violent crash--and comparing it to a car --that for no other cause but driving it --bursts into flames ???

 

[island1fox]

I do not care to follow all the "Hollywood" news ---but are you referring to a car going at a very high speed and a violent crash--and comparing it to a car --that for no other cause but driving it --bursts into flames ???

 

[roadrunner2012]

Do Volts actually catch on fire for no reason or are you parroting talking points?

 

[oldngray]

Do Volts actually catch on fire for no reason or are you parroting talking points?

http://www.autoblog.com/2011/11/26/nhtsa-releases-chevy-volt-fire-investigation-details/
Yes they do catch on fire.

 

[moreluck]

You must have one of those new fangled cars that run on water,cause gasoline never catches on fire..Guess Paul Walkers car was battery powered..Right........

http://www.forbes.com/sites/jimhenry/2011/12/12/chevy-volt-battery-fires-threaten-all-electric-ve/

 

[moreluck]

Do Volts actually catch on fire for no reason or are you parroting talking points?

Parked in your garage....you can be tucked in for the night and the POS catches fire in your garage and can burn your house down too. Makes me really want to buy one....NOT !!

 

[Necropostophiliac]

Obama claims the auto bailout was a success.........how come the taxpayers are on the hook for $10 billion ??

And never mind that in 2010 Obama declared on ‘The View’: “We are going to get all of the money back that we invested in those car companies.” And, in fact, Obama constantly touted how the taxpayers would get all of their money back, with interest, during the 2012 campaign. (Which he knew was a lie. As did we.)
But the elections have been over for a year, and the GM stock can be sold. And the taxpayers can take their $10 billion dollar loss and like it.

 

[DriveInDriveOut]

http://www.forbes.com/sites/jimhenry/2011/12/12/chevy-volt-battery-fires-threaten-all-electric-ve/

http://www.autoblog.com/2011/11/26/nhtsa-releases-chevy-volt-fire-investigation-details/
Yes they do catch on fire.

The car that caught fire had been used in a crash test severe enough to damage the battery.

Failure to drain the battery is like leaving, “gasoline in a ruptured gas tank,” said Mary Barra, senior vice president, global product development for GM. “It’s important to drain the battery,” she said in the conference call. http://www.forbes.com/sites/jimhenry/2011/12/12/chevy-volt-battery-fires-threaten-all-electric-ve/

 

[moreluck]

Are you saying only ONE car with this battery caught fire.......gullible, aren't you?

 

[DriveInDriveOut]

Are you saying only ONE car with this battery caught fire.......gullible, aren't you?

I'm saying a battery powerful enough to power a vehicle, when damaged, is obviously dangerous. You spread disinformation all over the place day in day out on here. Are doing it on purpose or are you gullible enough to believe the BS you post? Example:

Parked in your garage....you can be tucked in for the night and the POS catches fire in your garage and can burn your house down too. Makes me really want to buy one....NOT !!

Would you park a wrecked car leaking gasoline in your garage? The batteries were damaged in a crash. Get a grip lady.

 

[moreluck]

Tesla had trouble too....

"This is not the first battery fire in an electrified vehicle, as it followed cases in GM's Chevrolet Volt and Mitsubishi's (7211.T) i-MiEV. Boeing Co (BA.N) also dealt with lithium-ion battery fires in its new Dreamliner plane earlier this year.
Analysts pointed out that warnings inside the Model S in the Washington incident alerted the driver in plenty of time to pull over and exit, and that the fire never entered the vehicle's interior cabin."

look it up.