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Originally Posted by fireresq157
I was not aware GM was receiving funds from Canada, my understanding was the Canadian Government was facilitating up 2 billion dollar in car loans to It's citizens not GM. That in return would make vehicle purchases more common/numerous. I personally think that whole article is full of it.
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Last June GM received $250M, then last December got another $3B. Public opinion isn't behind another bailout which IMO is why they want to slash operating costs again. The last bailout worked out to $90 per Canadian taxpayer to keep the company operational.
http://www.nationalpost.com/todays-p...tml?id=1363173
I think it's unrealistic to expect GM to meet Toyota's standards. Toyota does not have the enormous group of pensioners GM does. I was a little astounded to hear about what GM used to pay for. Remember these were taken out during the last round of negotiations, a paid "spa day", and paying for employee divorces.(as seen on Canada AM Fri. May 8th) I have NO idea what the agreement looks like now and am not out to be anti-union or pro-union, but I hope the union leaders realise that this boils down to job or no job for thousands. Get a deal done and keep making those cars.