The Briefing Room
General Category => Economy/Business => Topic started by: flowers on October 27, 2013, 06:46:49 pm
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http://jalopnik.com/the-feds-killed-pontiac-bob-lutz-says-1452735716
If true, it's a big revelation of the scope of power that the government held over GM during the worst days of the recession. Power and threats like that are often spoken of, though rarely in such explicit terms. Even still, there's not much of an explanation yet as to the specific objections the Feds had about Pontiac. The division seemed to be heading in the right direction after years of wayward stumbling. The Pontiac G8 was receiving rave reviews, and a new GTO was in the pipeline.
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GM should have one BK...so should the banks and companies like Countrywide.
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GM should have one BK...so should the banks and companies like Countrywide.
BK?
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BK?
Bankruptcy
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Bankruptcy
Thanks....yep I agree! :seeya:
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Bankruptcy
Wasn't Country wide a Frank Dodd ordeal? Wasn't that part of friends of Angelo? Didn't he go to jail? The Angelo guy?
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GM and all their products and their unions and their employees are DEAD to me.
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Wasn't Country wide a Frank Dodd ordeal? Wasn't that part of friends of Angelo? Didn't he go to jail? The Angelo guy?
yep... and the government somehow coerced BofA into taking their loans on...
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GM and all their products and their unions and their employees are DEAD to me.
Agreed. Chrysler as well.
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Agreed. Chrysler as well.
:amen: