[ROBOSSRS]

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) .

[Number 3]

Originally Posted by Rhyder

While GM was firing 14 of every 16 employees, getting rid of union pension and medical retirement funds as a desperate bid to shed costs, had sunk to less than 16% of the car market (ford actually went up 1% to 15%), thats including all thier individual lines, such as Chevy, Hummer etc, and filing bankruptcy (we should include the billions they got rid of through the bankruptcy but we dont) as they were over 69 billion in the hole, thats right, almost the whole of thier net worth at the time..the only thing that saved them was over 100 billion in give-me's, and that cost hasnt stopped yet, they are still recieving free money..while Ford was solvent enough to not need even close to that large an influx, even counting the loans you state they got solely for the purpose.



So one company gets 29.8 billion, the other gets 100+ billion to survive....which do you consider the stronger company? Considering they had basicly equal amounts of the market share pre bailout, it was Ford no question.

Were are you getting that information? GM did not fire 14 out of 16 employees. If you went to the heyday when GM had 400,000 employees and now less than 100,000 your math isn't close.

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.