Quote:
Originally Posted by cobra de capell
My understanding is that there is a New GM and an Old GM, so perhaps the New GM can be profitable at some point in time - but, what about the Old GM? Car companies run by the federal government - it's going to be a disaster.
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Won't the new GM rise from the ashes of the old GM as it fades from memory? Have you ever seen anything turn a profit with the government running it? That was one of the points raised in this article. With the government in charge, there is little hope that GM will ever be able to break even. I guess that I should be saying "governments" because in addition to the US Federal Government, the Governments of Canada and Ontario have also jumped into the fray and have handed out lots of the public's money to this project.
Wayne