Let's take a poll...
Please don't make me regret posting this but if we can not stray too far down the political spiral this might be fun. As many of you have already read the US Treasury completed the sale of GM stock and the American tax payers only lost $10.5B. What I thought was interesting about this was what GM said about their prospects about new car buyers now that they are no longer "Government Motors".
From the WSJ
"GM has suffered from a backlash to its bailout, such as being called "Government Motors," a label executives have said hurt the company's image and sales. Ford Motor Co. F restructured without a government bailout or a trip through bankruptcy.
GM North America chief Mark Reuss, speaking hours before the Treasury's announcement, said he expects the company to immediately begin attracting potential new vehicle buyers.
"I think there are some people who will consider us right away, especially those buying pickup trucks," Mr. Reuss said on the sidelines of an event in Warren, Mich. "People will think what they will about [the bailout] but if you look at what it did, if you look at the tens of thousands of people who can put food on their tables of the service businesses that are open again, there is no way you can put a number on that."
With that said I thought it would be fun to take a poll on how the new structure will affect your buying decision for a GM product. Please TRY and keep your comments about your purchasing decision and keep the politics out of it. But I know we'll head down that slippery slope anyway.
http://online.wsj.com/news/articles/SB10001424052702304744304579248001805812732?mod=WSJ_hp_LEFTWhatsNewsCollection&cb=logged0.13375539668809489
http://www.latimes.com/business/money/la-fi-mo-general-motors-bailout-treasury-stock-20131209,0,4629861.story#axzz2n26UrqCr
Please don't make me regret posting this but if we can not stray too far down the political spiral this might be fun. As many of you have already read the US Treasury completed the sale of GM stock and the American tax payers only lost $10.5B. What I thought was interesting about this was what GM said about their prospects about new car buyers now that they are no longer "Government Motors".
From the WSJ
"GM has suffered from a backlash to its bailout, such as being called "Government Motors," a label executives have said hurt the company's image and sales. Ford Motor Co. F restructured without a government bailout or a trip through bankruptcy.
GM North America chief Mark Reuss, speaking hours before the Treasury's announcement, said he expects the company to immediately begin attracting potential new vehicle buyers.
"I think there are some people who will consider us right away, especially those buying pickup trucks," Mr. Reuss said on the sidelines of an event in Warren, Mich. "People will think what they will about [the bailout] but if you look at what it did, if you look at the tens of thousands of people who can put food on their tables of the service businesses that are open again, there is no way you can put a number on that."
With that said I thought it would be fun to take a poll on how the new structure will affect your buying decision for a GM product. Please TRY and keep your comments about your purchasing decision and keep the politics out of it. But I know we'll head down that slippery slope anyway.
http://online.wsj.com/news/articles/SB10001424052702304744304579248001805812732?mod=WSJ_hp_LEFTWhatsNewsCollection&cb=logged0.13375539668809489
http://www.latimes.com/business/money/la-fi-mo-general-motors-bailout-treasury-stock-20131209,0,4629861.story#axzz2n26UrqCr