Quote:
Originally Posted by fielderLS3
I'll have faith in GM stock when the post office, Amtrak, and Fannie Mae become profitable. (And when GM stops building cars they know they will loose money on for politically correct purposes).
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I know you're referring to the Volt, but it's simply a high-risk decision. Companies reserve the right to make anything they want, however sometimes they can justify implementing high-risk investments. This is simply killing two birds with one stone; the appeal to government wants and a chance to have an early lead on an emerging market.
GM has turned profitability, but I do not have much faith in the larger, more important companies such as Fannie Mae and Freddie Mac to do the same.