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Pay off the liquid cash loan by June, yes, but the government will still have a 50% stock share in ownership untill GM can sell enough stock to pay off the shares the govt. owns. Have you forgotten that little double whammy, what the govt. didn't loan GM in liquid cash they took over in shares of the company? That second part of the plan is how the government task force was able to appoint Whittacre as CEO. Not the loan, the ownership.
Heck, any half decent company could pay that loan off.
I think people missread and missinterpreted what I initially said as a slam against GM. Nothing could be further from the truth, and if you did, go back and re-read what I said (I know you still have it in your PM even though you deleted it from the thread).
My point is for everyone complaining that GM (and Ford, and Chrysler, and BMW and Mercedes for that matter, unless they have the clientelle willing to pay the fees for the fines passed on from not meeting the 35 mpg CAFE standard) will soon have to do away with the V8 engine in a passenger car, they need to look at where the directive comes from.
It certainly does NOT come from GM, nor does it come from most of the people on this forum.
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