Comments on: GM Taking Swift Cost-Cutting Action

By: White House Opens TARP to Auto Industry after Congress Fails to Approve Loans

White House Opens TARP to Auto Industry after Congress Fails to Approve Loans — Wed, 17 Dec 2008 16:51:39 +0000

[...] Money Morning: GM Taking Swift Cost-Cutting Action [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Thu, 04 Dec 2008 15:52:07 +0000

[...] far, GM has asked to delay a $7 billion payment to a union retiree health fund. It returned two of its leased private jets. It stopped running its escalator at 7 p.m. at its [...]

By: That $25 Billion in Loans America’s “Big Three” Automakers Had Sought … It’s Now $34 Billion

Thu, 04 Dec 2008 09:31:07 +0000

[...] far, GM has asked to delay a $7 billion payment to a union retiree health fund. It returned two of its leased private jets. It stopped running its escalator at 7 p.m. at its [...]

By: Big Three Auto Companies Weighing How to Shed Weight for Gov’t Bailout

Big Three Auto Companies Weighing How to Shed Weight for Gov’t Bailout — Tue, 02 Dec 2008 17:34:30 +0000

[...] far, GM has asked to delay a $7 billion payment to a union retiree health fund. It returned two of its leased private jets. It stopped running its escalator at 7 p.m. at its [...]

By: Julie Griffin

Julie Griffin — Sat, 29 Nov 2008 22:42:53 +0000

The stupidity and mismanagement of the US Auto Industry is hard to stomach. For 30 years management, year after year short term profit style was so engrained in their management model they didn’t care that it could, and is sabotaging the wealth of a nation and threatening national security, as well as putting workers at risk to live at the poverty level.
My gut feeling is to punish them by making them take their own medicine which is bankruptcy. On the other hand there is so at stake for the country we have no choice to lend them the money. I sincerely hope there are some strong people in congress who will demand performance and accountability from these erstwhile cheats who run companies without brains. Additionally, One of the provisions of the loan is that GM Wagoner,including CEO’s Ford and Chrysler and their staffs should agree to work for a year without pay until they they can show a turnaround in the companies fortunes

By: roger

roger — Tue, 25 Nov 2008 20:05:50 +0000

if gm goes broke will all the people that would have bought a gm car have to walk next year o will they buy from one of the other car makers which would mean they would have to hire more workers to keep up with demanr