Quote:
Originally Posted by Tom_K
I hope GM can buy the stock back too. I'd hate to go to my local dealer to find Pres. Obama there ready to take my order.
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hey guys ... the brilliance (I'm being sarcastic) of what obama is doing is GIVING the majority of ownership to the UAW in both the case of Chrysler and what they're talking about for GM. So the unions will own both companies and you can be assured that they will NEVER sell. A future admin might sell off the gov stake but those companies are going to be union owned for the rest of time ... why would the unions sell out so they can start negotiating contracts with hard nosed new owners instead of themselves ...
It doesn't bode well ... that's for sure ..