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GM Layoffs - Frustrating
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We (taxpayers) lost 11.2B dollars on the GM bailout! GM used the money to invest in expansion in China’s economy, not America’s. The government took a 61% share in GM upon the bailout then pushed GM to make small electric cars nobody wants. Think Chevy Volt/Bolt
Just further proof that big government sucks at any form of management.
And somehow these plant closures will be Trumps fault.
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Originally posted by JLivi1224 View PostWe (taxpayers) lost 11.2B dollars on the GM bailout! GM used the money to invest in expansion in China’s economy, not America’s. The government took a 61% share in GM upon the bailout then pushed GM to make small electric cars nobody wants. Think Chevy Volt/Bolt
Just further proof that big government sucks at any form of management.
And somehow these plant closures will be Trumps fault.
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Originally posted by Dale Moser View PostUS automakers have two problems...poor quality, and high prices. And the main contributor to those two problems over the last 30 years BY FAR....is the United Autoworkers UNION. That's a fact, folks!
Sent from my iPhone using Tapatalk
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Originally posted by JonBoy View PostOne exception that I've seen when traveling abroad is that many Japanese prefer to buy Japanese brands that are assembled in the U.S. (Toyotas, etc.) They tend to be higher quality with less problems...or at least that's what a lot of Japanese folks told me when I was there.
Does Japan have crazy strict emissions laws like we do?
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Originally posted by JonBoy View PostOne exception that I've seen when traveling abroad is that many Japanese prefer to buy Japanese brands that are assembled in the U.S. (Toyotas, etc.) They tend to be higher quality with less problems...or at least that's what a lot of Japanese folks told me when I was there.
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Originally posted by JonBoy View PostExpansion into China's economy doesn't mix well with China trade wars. Yes Trump will be blamed but it takes two to tango. Increased raw material prices and decreased Chinese demands for ag are putting the pinch to a lot of businesses right now and mark my words, we are headed for another slowdown...just in time for the next election cycle which gives both parties an opportunity to point fingers at each other. The auto bailouts & too big to fail was/is one of the biggest scams on the American taxpayer I've ever seen.
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Originally posted by Dale Moser View PostUS automakers have two problems...poor quality, and high prices. And the main contributor to those two problems over the last 30 years BY FAR....is the United Autoworkers UNION. That's a fact, folks!
Sent from my iPhone using Tapatalk
Sent from my SM-G960U using Tapatalk
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Originally posted by JLivi1224 View PostWe (taxpayers) lost 11.2B dollars on the GM bailout! GM used the money to invest in expansion in China’s economy, not America’s. The government took a 61% share in GM upon the bailout then pushed GM to make small electric cars nobody wants. Think Chevy Volt/Bolt
Just further proof that big government sucks at any form of management.
And somehow these plant closures will be Trumps fault.
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“I got to get inside a brand-new Chevy Volt fresh off the line,” Obama announced to a cheering crowd of United Auto Workers activists. “Even though Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice. I’ll bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself.”
Now it looks like Obama will not get his chance to make good on the promise. General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt and its gas-powered sister car the Cruze.......
The Volt and the Cruze were two of the signature achievements of the partnership between the Obama administration and General Motors following the auto-industry bailout. Although the Volt was long-planned by GM executives, it received a lot of support from the administration. Obama described the Cruze as “the car of the future.”.......
The failure of both the Volt and the Cruze is instructive. The Volt was a very high-priced car that was heavily subsidized by government policies, both federal and state, favoring electric vehicles. Many thought its high-price tag doomed it, especially since the gas-powered Cruze was a very similar car at a lower price point. But neither achieved the expected sales. These were cars Americans did not want.
What a dunce, about as successful as Solyendra !
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