Mary Barra, Bullsh*tt*r Extraordinaire
- Thread starter joesregalproject
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All she sees is $$$$$$$$$$$$$$$$$ for her golden parachute.
At 68 I've always been a GM man. I've lived within 7 miles of the Lordstown GM Plant, even when it was a corn field before they broke ground in 1963. I never worked for GM. I have 9 GM vehicles. I'll never buy another. I have 3 GM trucks and the rest Oldsmobiles. I jokingly told my Buddies that when GM dropped Oldsmobile that it was all downhill for them. I'm in good shape for vehicles for 5 years. I'll have to read up on Fords, probably want to stay away from Dodge. I'm done with GM.
why, because she's trying to keep the company solvent so it won't go bankrupt again?
I don't care about the company, I care about the middle class Americans they employ(ed). So if they are going to kick American and Canadian workers to the curb and send their jobs to Mexico, Korea or China, who cares if the company still exists? Without employing American workers, the company serves no purpose other than to fill the pockets of their CEO and board of directors. You could say it benefits their investors too, but it really doesn't. Automotive stocks haven't paid serious dividends in years. The only people making money on automotive stocks are short sellers and maybe some day traders.
They went bankrupt once and obviously learned nothing from it. The government gave them a bailout that they totally didn't deserve and this is the thanks we get from them.
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I have been a bit suspicious of the reasons that led to Lordstown & other plants being shutdown:
As for selling Lordstown to the other company: the plant is shutdown right now but GM is probably paying taxes on the land, when GM gets rid of the plant if the startup goes belly-up then the plant is still shutdown but GM isn't paying taxes for it. House always wins
.... sucks that in the 90s (?) the Ohio Turnpike built interchanges at Lordstown specifically to make a case for the plant to stay open -- so that's money "wasted" -- but it's the shellgame played when it isn't your money
- "Cars" -- as opposed to SUVs & trucks -- aren't selling anymore (why? because you have few sporty models and the cars can't fit more than 2 child seats, so there's a small demand for what you're selling?)
- GM needs to invest in electric & autonomous vehicles (haven't you already been spending money for that? how much more money do you need?)
As for selling Lordstown to the other company: the plant is shutdown right now but GM is probably paying taxes on the land, when GM gets rid of the plant if the startup goes belly-up then the plant is still shutdown but GM isn't paying taxes for it. House always wins
.... sucks that in the 90s (?) the Ohio Turnpike built interchanges at Lordstown specifically to make a case for the plant to stay open -- so that's money "wasted" -- but it's the shellgame played when it isn't your money
BANKRUPT !! How does a company(GM) with all it's assets go bankrupt ?? Cooked books
GOVERNMENT !! How does the Government let them wipe their slate clean and stay in business ??
Over 30 years w/ GM and I took a bath (I still want to hurt somebody)
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