09-04-2012, 07:20 AM | #71 |
Drives: 2011 Camaro SS/RS Inferno Orange Join Date: Oct 2010
Location: York, PA
Posts: 6,592
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Two ways for GM to pay back the loans;
1. Convince people not to buy Japanese cars. 2. Make GM cars look like Toyotas ( like Buick did) . |
09-05-2012, 08:38 AM | #72 | |
Hail to the King baby!
Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008
Location: Illinois
Posts: 12,213
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Quote:
Also GM still maintains the Union pension fund. The healthcare went to the VEBA (just as Ford did btw). Only salary pension is being outsourced effective December 2012. Remember Ford nearly went bankrupt when there was money to borrow. When GM needed to borrow $ there was none to be had. That simple. Timing IS, as they say, everything.
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