Quote:
Originally Posted by gtahvit
And they will. GM has been doing this for years now with ethanol and hybrids. Please don't equate fuel efficient and green with no more muscle cars.
The bottom line is now, more then ever, GM needs to sell cars that are profitable. Now the Gov also needs gm to be profitable first, Green and fuel efficient second.
I'm more concerned that the Gov will jack up the price of the camaro since it is selling well... The Gov is about to get a lesson in supply and demand. they can't force consumers to buy what they want to produce. GM Tried that in the 80's and are still paying for that mistake.
So lets see how it plays out.
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I continually read statements on these boards like "... now the gov needs GM to be profitable."
The government and their close ally the UAW now own the company. (more than 90% including the canadian gov)
Private shareholders have been wiped out entirely. If they make a profit they'll be paying themselves and the gov has no need for a few billion in revenue from GM. They've already got trillions in tax dollars from us.
The gov does have an agenda though, it just doesn't involve making a profit.
The gov wants to make little green cars and pay off the UAW.
And the UAW has an agenda ... secure union jobs at all costs ... hence not allowing GM to bring the small cars it already makes in Europe and China over here ...
And there's the future of GM ... major decisions based on politics.
btw - It's tough to enforce a ban on politics when we're discussing a company ... which is now owned by politicians .... seems to me ....