Should Europe help General Motors?
From CNN's Jack Cafferty:
General Motors is looking for a handout once again - but not here. This time GM is hoping that Europe will drop a few coins in the collection plate.
GM says its European divisions could collapse within weeks.
The struggling American auto company says its European divisions could collapse within weeks, unless governments across the pond step in to make sure it doesn't run out of money.
The company wants Europe to give them about $4.2 billion,saying the countries who host its car factories should share the "burden."
GM has had talks with the governments of Germany, the UK, Spain and Poland among others to ask for the money. They say if they don't get the aid - it could mean the loss of up to 300,000 jobs in Europe.
This all comes after GM asked the U.S. government for an additional $16.6 billion dollars in bailout money last month. That's on top of the billions it had previously received. As part of its restructuring plan - GM said it would lay off 47,000 people globally and close 14 plants in North America by 2012. The company also talked about reducing the number of brands in half, leaving only Chevrolet, Buick Cadillac and GMC.
Here’s my question to you: Should European countries come to the aid of General Motors?
Interested to know which ones made it on air?
Bryan writes:
It depends on how desperately they want to save those 300,000 jobs. If I were a European and my government was bailing out an American company, I would be pretty upset.
Steve from Texas writes:
So don't help them. Then just drop European production and see how they like the job losses. If those "with" are supposed to help those "without", why shouldn't that apply to everyone? If the countries benefit from employment by GM, then line up to help.
Andy from Dekalb, Illinois writes:
They shouldn't get anything, from Europe or anyone else. What incentive exists for GM, or AIG for that matter, to do anything right when lemon socialism is the rule of the day?
Alex writes:
Of course they should. General Motors has learned that shaking down governments is more profitable than making cars.
Stephen in New York writes:
If Europeans deem it worthwhile to infuse billions of dollars into GM Europe, let them. The U.S. infusion of billions does not seem to have helped much.
Vince from Atlanta writes:
I think the European countries should help themselves to General Motors. Pay GM, and take over the plants. That should help everybody.
Jane from Minnesota writes:
If there are European factories involved, they absolutely should.
Michael in Perris, California writes:
Sure, why should we be the only ones to reward failure?
John writes:
I suspect that pretty soon GM will make their case for bailout to the African wild life population. This scam is going global.
@jackcafferty on Twitter
Why should they? They helped us in a nonsense war and incurred debts of thier own. If we have so much pride that GM is an American company, then let America fix it. Would the US loan Japan money if Honda and Toyota were struggling?
Hi Jack:
If they would like to throw good money after bad sure. Let them. I would suggest to the European's that they demand the CEO's and FCO's of the BIG 3 Auto makers get dismissed. Also, they need to replace the leadrship of The United Auto Workers. You need to get the MOB out of the unions.
Ron San Diego
We already have the answer to this one. The Germans are bailing out Opel, but the Swedes are refusing to bail out Saab. That's all the help GM's going to get.
Jack
No one should help GM they did this to themselves, they have already gotten a big piece of our money thats enough. If the Ford Motor Company can keep their head above water so should GM.
Why should they? Has General Motors done anything for them?
Oh, yeah, they did...build cars that Americans didn't want to buy so that the market for European cars skyrocketed! I've owned two Fiats, two Isuzus, a Ford, and a Chevy, and the Fiats and the Isuzus outlasted both American cars substantially.
No. General Motors should close their plants in foreign countries and bring jobs back to America. And that goes for every other American manufacturer as well. If we don't have jobs, they shouldn't be surprised when we don't buy their products.
Only when and if, the United States comes to the aid of Toyota or Volkswagen .
It would be great for American taxpayers if they did. But, any money Europe spends bailing out GM will surely be lost just as the American taxpayers money has been lost.
Why would you even ask this question? Nobody saved Studdabacker or Hudson or do they still make cars I don't know about.
Aren't they European jobs?
No, we shouldn't be beholden to them in any way. Let's get ourselves out of this jam and then help the Europeans. Trust me, they will dither around more than we will.
No! General Motors is responsible for it's own demise,let them fail.
Jack, didn’t we do enough harm? I mean we exported a mountain of debt around the world and we have brought this world to the brink of economic collapse. Now, they want to have GM helped out by the Europeans? Man, would our forefathers shake their head at such a prospect.
Jack–
Somebody should. Maybe Europe can bring that car company into the 21st Century. As a taxpayer, I'm tired of pouring money into General Motors and AIG.
Why should they? I don't see the U.S. offering packages or assistance to BMW, or FIat, or Renault, Audi, Volvo. If these companies are sufficiently solvent and can weather the storm without bailouts, all that says is that the management of the big 3 U.S. automakers needs an overhaul, top to bottom.
Europeans warn us about protectionism when our stimulus plan has a "buy American" clause. They say that American taxpayer money should be able to be spent on European products as well as American products. Well, here's their chance to put their money where their mouths are and lead by example. Let's see if they're against protectionism, or just American protectionism. I bet they'll turn out to be hypocrites.
Yes Jack they should. Rush the baffoon is the only one that thinks we arent in economic crisis world wide, dont even listen to him to make fun of him if you even entertain the thought of governments not getting involved to save the world's industry, it seems to be rotting your brain.
Maybe General Motors should go to Europe so they can enjoy the crappy cars. If I am not mistaken it is the Volt that is supposed to get GM out of trouble, but they are having trouble developing the battery. Just yesterday I heard in the news that a small company in California is producing battery powered automobiles with a 240 mile range with acceleration like a Porsche and a 15-minute recharge time on normal household electrical current. Is GM not attractive to the intelligent automotive and electrical engineers?
Foreign companies shouldn't be expected to give financial aid to GM in the United States. If they want to help the GM subsidiaries located in their country, then that is their governments decision. I don't think the American public would be willing to provide a bridge loan for a foreign company located in Mississippi. Marlene in Mich
Jack,
They should if the European Citizens in Europe still want to purchase GM cars from a bankrupted company...
Central Islip, N.Y.
Should European countries come to the aid of General Motors?
Did we go to the aide of any European car makers?
GM made their bed, now they have to lie in it.
Jenna
Roseville CA
Why should the Europeans come to the aid of GM??? They (the Europeans) produce cars both in the USA and Canada and hire the native workers to assemble same. If GM and the other North American auto producers had any IQ at all they would be producing vehicles which are state of the art and probably still be in business.
For the past decade GM has become a company without a moral compass. They are now a dinosaur around the neck of the world. Let them die off so that newer and smarter companies can fill that void
Any continent with money will do just fine !
David
Didn't GM move all their Factories to Mexico???? Let Mexico help them out!
YES
There should be something like BATO similar to NATO to help "B"usinesses !!
GM is a sinking ship. No force can save it. I don't think European countries will or has spare money to pump into a foreign company like GM when they have better cars made in their backyards.
Their already getting to reward from the USA bailout. GM is closing US production facilities; thereby, focussing their production in Europe, South America, etc. Why would they throw away a freebie by offering to pay for it.
Jerry N
Sacramento, CA
GM can do what they want. Why is this our concern?
Yes, Europe should help bailout GM we had to now its time for them to put a little in.
Jack, cunning and wealthy financiers have avoided the wrath for having taken foolish risks in the PAST DECADES. Wall St and Bay St up here in Canada are playing the blame game. Its them and government opposition parties that’s at fault.
If I were a citizen of a foreign country and they were thinking about loaning GM a dollar I would throw a fit.
Europe should not help General Motors as we should not help foreign car makers in our country.
yes, they need to help GM out just like we have. They drive the cars and have the jobs so use some your money to bail GM out. We need to shift the burden to other countries also.
I do not think the European countries will aid a foreign company and I do not think America will come to the aid of Toyota, BMW, Sony or any other foreign company. America is not as close with the European companies as they are with Canadian companies.
Yes, definitely. Maybe we should start taxing their citizens as well. If I'm not mistaken, some our T.A.R.P. money went to U.S.B. and possibly some other European banks.
Instead of blackmailing the U.S. government and the governments of the U.K., Germany, Spain and Poland...why don't they just make better cars? Oh, and repeating over and over that their cars are as good as Hondas doesn't actually make it true. Bush tried that approach with WMDs and here were are, six years later, still in Iraq, nary a WMD to be seen.
Wow, nothing says "class" like saying "We have factories here, so you owe us a bailout." Lots of luck GM.
yes jack they shoul,we have plants over their and they make profits off the auto industry,so they should bail them out,hey if your book dont make it you should ask for a bail out.but your book will make it,good luck
clearwater,fl
No, General Motor let Opel go and didn't participated on the good German cars. They was bind and stupid.
GM (as well as Chrysler and Ford) have been bailed out by the Canadian Government. If GM employs Europeans in overseas plants, why shouldn't their governments also help keep this employer afloat??
Sure, why not… And you might as well ask Japan to help out, while you’re at it. They are the real reason crappy U.S. cars are not being sold!
Jack;
Usually when we borrow money the lender would like to know why. GM says they need the money, but I have yet to hear what their vision is for spending it and restructuring their business as a viable automobile manufacturer. Saving jobs whether in the US or Europe is admirable, but if GM does not have a marketing strategy to proceed with, then when will they not need money to save jobs.
I hate to say it, but the once largest automobile manufacturer in the world is riding down the highway of broken dreams and unfulfilled promises. A European loan seems more of a "fix" and less of a cure for what ails General Motors Corporation. Rich K. Miami, FL.
if there are European factories involved they absolutely should
Put GM out of their misery. They cannot make cars and cannot handle money.
Hi Jack,
General Motors and the other auto manufacturers asking for bail out money kind of reminds of the scene in "Blazing Saddles" where the sheriff is holding a gun on himself and says "Help me! He'll shoot!"
Dicky Neely
Corpus Christi, Tx.
It's about time our companies went somewhere else to get bailed out. The EU has a bigger GDP than us and less than a "multi-national" debt, so let them pay to help. Europe has been calling for an "international solution" to this problem. Well, here's their chance to prove they're willing to work internationally toward a solution.
If they want GM to stay in their country why shouldn't they donate to the fund. My question would be...how much of our tax dollars are going to support their Europeon locations and are they closing plans in the US to keep Europe open.
Linda
Indian Trail
Should Europe help General Motors? Well, Jack, only if it wants to.
It depends on how desperately they want to save those 300,000 jobs. If I were a European and my government was bailing out an American company I would be pretty upset.
So don't help them. Then just drop European production and see how they like the job losses. If those "with" are supposed to help those "without", why shouldn't that apply to everyone? If the countries benefit from employment by GM, then line up to help.
Do you really think that EU countries would bail out an American corporation before they bailout their fellow European countries?
No, Jack, if these motor companies, especially GM, don't participate in fair capitalism like everyone else, then nobody will! There will be chaos if these bailouts continue.
From Atlanta,
I think the European countries should help themselves to General Motors. Pay GM, and take over the plants. That should help everybody.
it seems to me that if European countries have GM plants, they should chip in ..........why does the USA always have to do all the bailing out of everything.
GM is essentially commiting extortion across the globe.
Companies that have paced themselves into bankruptcy should stand on thier own merits. While they are laying the little guys off the corporate execs are still raking in the cash and asking for bailouts.
I have had a business fail on me. No bailouts for me.
Get off the high horse and stnd up on thier own I say. If they cannot do business then they need to sell to someone who can.
Governments cannot keep giving bailouts while trying to get the global economy in order.
All of those businesses are related anyway, right? For this reason (alone) I would have to suppose that what happenss in Europe stays in America. Who really knows what happens behind "closed doors," anyway? What was your question again? I'm sorry, Jack. I'm from the upper-lower class.
Jack,
it other countries are not part of the solutions they end up with the problem with layoffs which ends up costing them even more! As long as the company estructures fairly across the board to reduce the most negative impact in all regions!
Isn't there always more than one perspective to anything like this – Gordon Brown wants the world to share responsibility for the crisis and future prosperity, however how would the USA feel if BMW asked the US for a bailout – there are lots of BMW dealerships in the USA.
It's a private company let them do what they want. But if they fail, give us our money back!
That is a silly question Jack!
My answer is absolutely not. No one, including the government should help GM or any other auto company that is failing.
Any normal business would never be saved if it fails, so why should GM, Chrysler, Ford, UAW or any other company that has CEO's and executives that run the company into the ground be allowed to be saved.
They should fail and I hope they fail and quit wasting our tax dollars.
Paul
Walker, Michigan
Of course they should, Generous Mobsters (GM) has learned that shaking down governments is more profitable than making cars.
They shouldn't get anything, from Europe, or anyone else. What incentive exists for GM, or AIG for that matter, to do anything right when lemon socialism is the rule of the day?
I suspect that pretty soon GM will make their case for bailout to the African wild life population. This scam is going global and how about you Jack, why you are yet to contribute to GM do you have a problem with giving to the poor?
Sure, why should we be the only ones to reward failure?
No GM should not get any money from anywhere. Its time to let the old trees in the forest fall so that the understory can grow. Far too long have they been making sub-quaility cars have failed to plan for the future and got caught with their pants down and now they want help.
I think smaller eco-freindly car companies should be allowed to grow
The only way any country, especially ours, should help the auto industry is by giving vouchers to taxpayers that can be used only toward the purchase of vehicles from the auto manufacturers that are in trouble. Of course, the greedy auto industry would have to be strictly regulated to prevent them from jacking up prices when we all go out to buy our vehicles. This solution would stimulate the auto industry, while benefitting the taxpayers who are incurring the debt.
Somewhere in the bowels of Hell, Satan is giving Roger Smith a bill for room and board. The irony of GM asking for handouts is just so so sad. Might as well put a fork in them because they are done!
GM is a key component of the world economy, and they must be given this LOAN. It's odd that nobody flinches in giving AIG/Citi Bank/Bank of America HUNDREDS OF BILLIONS to help solve problems they created! GM helped build this country, it's time every country step up to save this vital industry, or we will regret it for generations to come! Wake up people!
I think that all foreign countries should help in bailing out U.S. corporations that outsources manufactoring jobs to their country. It sad that these corporations asks for American taxpayer money but gives their jobs to foreigners. God Help American policy, lawmakers, and CEO's.
Les Small-Stone Mountain Ga
I didn't think the USA should help bail out GM... and now they are crawling to Europe because we aren't giving them more?! It is ridiculous. Besides being likely that they will fail anyway and then this money will be down the drain, they did this to themselves. Let them figure a way out of it. You don't see the government pouring billions of dollars that could go to other things into my local businesses that are closing their doors – you can't help everyone, some will have to sink.
Sure Jack, they should come to the aid of GM.
Here's why; I think they too should get a chance to feel just as foolish as we do for providing a crutch for a company that is so poorly run that it must rely on corporate welfare to stay afloat.
It appears that GM's new "ace in the hole" is to scare the cash out of big governments using the fear of jobs possibly being lost. Well, it worked on the U.S. Government. Why not try their hand in Europe?
Is there no shame? They've shamed themselves in front of the American people, and now they shame this themselves and this nation on the international stage. Are there any high rolling investors out there who are willing to bet on this company now?
Jack the GM problems in the U.S. are always blamed on the labor unions yet now GM needs help in the overseas where GM can't blame the unions! I think the problems are with the fat cats at the top getting fattter! if they recieve money lets hope it goes to the working people and not the fat cats!
I just had to add... if GM wants to sell cars how about lower their prices? Over $40,000 for a car?! That's over a year's salary for some. If they are so desperate, I'd like to see desperate prices.
GM stands for general malaise. You're talking about a company that gave their bailout money to Brazil so it wouldn't make sense to take money from Europe.
Let them file chapter 11.
It’s time for GM to restructure: in simple language that means shed off some fat. I do not think that the European countries are going to bail them out. Right now GM is grasping at some straws but their fall looks more and more inevitable…
Just one more level of arrogance left over from the times of prosperity. I think GM is more concerned that the "No-Bid" contracts to supply Hummers to the military will go away. Isn't it normal to go to all your relatives and friends when you want to "borrow" money?
I think that GM et al, as well as the banks, brokerage houses and insurance companies should get back what they shared with us when times were good for them.
Those countrys that made American Cars and have now lost they're jobs should protest and stand by American Auto workers.
Why in the world will people simply not come out and say........This is George Bushe's Faught.
Now we can only hope that Obama can fix this broken puzzle in which Bush threw peices away.
Its time for the Radio Rush to stop rushing to judgment and start acting like Americans.
We all need our President to succeed Period.
If GM is receiving billions of American dollars in aid then GM should be keeping American plants open and close the European plants. If they have plants in Europe, then Europe should contribute. What is GM doing with all this money anyway?
Absolutely they produce and sell cars over there too.
Jack,
I personally think that GM companies can die off like when they killed the electric car in 1999 but this is really an issue for that country to debate. In the end GM is going to ask for money from every country that they can. The real question is what plans do they have to really turn this all around.
Yes, Europe should share in the financial burden. If there are factories or plants in those countries... that means European employees are fulfilling the jobs and if they don't want to share in that burden then GM needs to close or sell those facilities off.
The American tax payer will not support corporate welfare or subsidies for Europe.
Oh.. yeah and they need to make better cars.
If Europe wants to give GM money, I guess let them. One thing though, I heard the CEO of General Motors made $15million a year. Hmmm, there are alot of people unemployed right now, probably alot who are qualified to head up this sad, tired company. I would bet they'd do it for alot less than $15million a year, and they'd probably do a better job.
Why give any of these companies ANYTHING when they pay their executives so much. I have been and Accountant for 22 years and I simply know of NO ONE worth that kind of money for a days work. Enough said!
GM has gotten themselves into this mess by not being fiscally responsible and in not building a well made product that appealed to the public.
Possibly they should ask Toyota how they managed to build vehicles that appealed to the majority of Americans, while employing an American workforce and making a profit!
Oh I almost forgot................It would be a crime if Bush wasnt charged with crimes against more than words can say.
SmokeyC4
No. Sorry about job loss but who is going to buy the cars?
GM is like a banana republic, taking money and wasting it.
why you think g.m. can get a loan at an affordable rate is beond me.and why cnn finds it nessesery to miss lead the public is shamfull.you must think g.m. is a repulician company the way you bash them. by the way the election is over the demicrats won you can stop bashing then repulician party. jack you are as biais as they come!
Why not? It's simply the reality of a global economy, and a global crisis. Multinational corporations employ people multinationally, and that spreads the responibility around in times like this. GM's clearly in trouble and needs help, but even though they may be an "American" company, it doesn't mean that the other nations whose citizens they employ shouldn't help shoulder the burden.
This is a very tricky situation. 300,000 are a lot of jobs, and the net effect for European taxpayers may be a greater burden if they don’t provide a bailout, just as in the US. On the other hand, their impetus for helping is not as great. These GM divisions are foreign, not domestic companies. Unlike the US where two of three major manufacturers are at immediate risk, and the entire industry could be lost, Germany, in particular has five of its own thriving auto companies. So it’s more of a dilemma for the European governments, but my inclination would be to go ahead with the bailout to avert worse consequences.
They are holding jobs for ransom... "Give us 4.2 billion or we will fire 300K employes said Austin Powers".. We keep falling for it and CEO's eat the crumbs the fall of the cake.
No, they shouldn't, and neither should we. GM is a horribly managed, giant money pit/black hole. I spend several weeks in Europe every year and, surprisingly, have wondered why I don't even see Opels anymore, let alone GM's other turkeys. But I see loads of Japanese and Korean cars as well as the traditional European brands, including tons of Smart cars. Seems the Europeans have also figured out that GM doesn't make an attractive, well-built, fuel-efficient car like Europe and Asia do. Too bad, GM. You did it to yourselves.
Yes they should. If these countries benefitted from GM during its profit making days then they should also suffer the same pain Ameicans do. I mean it is the American taxpayer sliding money there way. Spread out the misery.
YES
Why not Jack ? Every state in this country that has a foreign car manufacturer has been given millions and millions of dollars in tax breaks to locate there, so is it not fair for GM to get its share from the foreign governments also ? or is this just like NAFTA and CAFTA , screw the Americans for the good of foreign intrest !
When Black Jack Pershing said, "Lafayette, we are here," he wasn't kidding. For many years after that, we spilled a lot of American blood on European soil to rescue and restore all that is precious to Europeans. So why shouldn't European governments help out the US in any way possible? The problem with the GM request, however, is, as usual, it's all about the corporation, not about the country. Now they're trying to convince their foreign divisions that a bailout will help people in those countries, too. Lafayette, we are sorry.
Jack – Why would Europe help GM when they know the USA has their back. Another thing, does anyone ever check out the numbers these company's throw out ? (i.e. there will be 300,000 jobless)
Carroll in Cedar Park, TX
yes they should help if they want to help participate in fixing the global economy! if we are supporting them they need to support us period!
no they didn't do anything to help them and its their own fault that they did not look out for themselves so they're the people who are responsible for the trouble they got themselves into
Hi Jack! Finally, something I have to say about it! In '99, I bought a top of the line Cadillac El Dorado, ETC, I had gotten too old for the Corvette and needed a little more room. I have been a Chevy fan my whole life, until this fatal error! It was the biggest piece of CRAP I have ever owned, 18 trips back to the dealership in as many months. I eventually bought an Acura, absolutely NO help from GM at any point after loads of pleas through emails and letters. They chose to outlast me rather than to resolve the issues and fix or replace the El Dorado. My heart breaks for the GM workers, but the old adage of "build a better car and they will buy" was never taken seriously. I have driven Chevy's built in Australia, I have friends in Japan that have them, and the outlook is NOT good for any "bailout" from foreign markets. I still love Mom and Apple Pie, but GM is permanently off my list and I am certain that Europe will feel the same, if not more protective of their own brands than we have been about ours.
I am a fourteen year-old teenager and a huge general motors fan and even I think this is ridiculous. It's just another way to sneak more money into the CEO's pocket. Sell your million-dollar mansions and your private jets before you even try to ruin the global economy.
Austin
Waxhaw, NC
Jack, now I KNOW that the bailouts are nothing but bunk! This is nothing more than a rich man's freeforall, get all you can any way you can (that doesn't including people who work hard to become rich, btw).
What next? Is AIG going to start asking the rest of the world to give them a handout after two handouts from us? It looks to me like someone's trying to bankrupt this country, and perhaps more countries as well, I just don't know who..........
I'm gonna give you a very self-centered one - I have my Camry Hybrid – couldn't care less what GM and Ford do.
Let's do the math: $4.2 billion divided by 300,000 workers = $14,000 per worker, which will keep them employed for ... what ... maybe four months? If anyone believes this global recession will end within 4 months, then yes, Europe should bail out GM. If not, no.
no they didn’t do anything to help them and its their own fault that they did not look out for themselves so they’re the people who are responsible for the trouble they got themselves into. they're getting lots of money and they are just wasting it. THEY SHOULDN'T EVEN GET A SINGLE DOLLAR!
More extortion! Don't give the crooked bastards a damn cent more
and let 'em all fail.
YES! Why not? They set up business there with the Impression, if they need help like any other Business. If they ask They will get? One catch, the local Native car makers will expect a piece of the action.
Are we helping all the foreign automakers in the United States? No. Why would Europe help GM? It is obvious the GM is in its last throws and will soon need to declare bankruptcy and restructure. To GM: Thanks for years of cutting corners and making mediocre vehicles to save a buck. And thanks for tarnishing the credibility of the American worker.
can you possibly ask anyone else, you are running out of countries!!! get a grip folks and get your head out of what ever you lost it in
Jack,
Not a snowball's chance. Close those plants and bring those jobs back here. They can start new car companies here to replace GM and Chrysler. There is plenty of ingenuity in these unemployed auto workers. They know how to get something new started.
Absolutely positively NOT. As Margaret Thatcher once said, " The problem with socialism is that eventually you run out of other people's money." HELLO fellow Americans, are we going to bail all these nincompoops out after they turned their heads from taking responsibility for their actions? And in the long run there goes OUR hard earned money. Tell me again who wins here?????
GM cannot handle money plain and simple. the government needs to take over their spending and control it...now... or all hell is going to break loose. Oh just wait lobbiest, congressman, brokers, and just about everybody else thinks hell is going to freeze over... wewll news flash people it's just going to get hotter so grab some sunscreen
Auto workers under the thumb of their Union leaders have become a bunch of cry babies. Why should the Europeans have it any different than we do?
If Europe allows them to sucker them into a money pit as they did the United States? Who am I to say no?
I'd say that is up to the European countries involved. Prior to the meltdown, the Opel brand was doing better than the North American brands. Opel might do better without GM, if they can round up a few billion euros in aid.
No,
As they says what you put out will soon come back to you, GM and the other Automakers here in the U.S. put out many bad products for years, and would not listen to their customers, anyone that went to business school knows the customer has valuable data and information on what they want to buy, they did not so now is the time that they fall just like Rome did!
Jack
they should not get anything. its ridiculous! they did not do anything to deserve it. they are going to waste the money like they did with the rest. Europe should not help them. there are smarter companies than GM and let GM get bankrupt. if Ford can maintain their level Gm should also be able to.
not a single dollar. thats all i have to say.
Please, please just them got into bankruptcy. They are holding a gun to the heads of their Canadian companies by asking for bailout money. Now they are holding a gun to the heads of the companies abroad. When is it going to end?? I'm sure that the trustees can run the companies better than the present CEO'S. At least we will know that the funds will be going to where it will do the most good.
Cars are too expensive, so I take the bus. Maybe if they weren't so expensive, we all could drive one and the car companies would succeed in America....
cool.. maybe the cars will be better..
No did anyone help Preston Tucker and he had a great car that the Auto maker did everything in their power to shut down, so now is the time for GM to shut down! Admit it they failed in everyway!
Why not help if they have vested interest in GM I think they'd want to keep their investments afloat! It would be a shame if we let GM just die and all those people lose their jobs!
Of course Europe and China should help GM. We give all kinds of brakes to foreign auto companies IN US. Our companies do not get those kind of brakes in Europe or China. We should also require China to include cupons for GM cars as part of their stimulus package to show that they are not protectionist.
No,
Piss poor preparations leads to piss poor performances, GM and the other Automakers along with many of the big companies are nothing but Black Holes, and nothing that goes into a Black Hole will ever come back out, and that includes any money in profits or paying back of loans. Save your selves a lot of heart ache EU!!!
Are you serious? Why should Europe help GM? European car companies such as BMW are not failing like GM and Chrysler
well, I presume the money given by the U.S. Govt. stays in this country, so it would follow that foreign governments should cough up money to keep jobs in their country.
America has become the whore of babylon trying our best to buy friends all across the world if the UE want to follow suit have at it!