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Originally Posted by DGthe3
Then why are they even going to bother selling GM in the first place? I mean, if the objective to 'keep squeezing harder and harder', why would they bother giving up any control?
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GM was offered taxpayer money to help gets back on its feet. A much better alternative than GM being no longer active in the automotive industry.
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As for GMAC, a lot of their problems came mostly from mortgages not cars. I sure hope GM has learned from their mistake of letting their captive finance company going too far beyond its core competence. And buying an independant company (vs buying back GMAC/Ally) seems like they have learned. Lets see how long their memory is.
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Only time will tell.