In the end, the money that towns across America gave General Motors did not matter… G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.
Posted in China, Editorials, High Finance, Industry, News Blog
Tagged as abandoned communities, general motors, GM, tax abatements, us taxes supporting chinese development
Tagged as abandoned communities, general motors, GM, tax abatements, us taxes supporting chinese development
Recent Comments
Jellodyne - I had the same experience with English in Texas.
carguy - That was in an era when cars weighed a lot less. The 4,000+ lbs cars of today need significantly more power to provide the effortless propulsion that is...
danio3834 - “The overall feeling from the passenger seat was not one of jerky, violent motion like I had imagined when I had first seen the photos in Kazu’s magazines but was instead...
carguy - Even more reasons not to do it.
Scoutdude - It was after the 2005 Mustang since Mullaly took over in late 2006. I’m not sure where the PAG divestiture lies in the bring back the Taurus name,...
Power6 - You are writing the new history, Bertel, Wikipedia is already updated with your findings…
55_wrench - My boss had one for a light delivery vehicle in ’82, and it was a blast to drive. Free revving, great acceleration (have to remember the...
gslippy - Growing pains? Fisker essentially repackaged the Volt drivetrain in a vehicle that is less reliable (how many fires and breakdowns?), more...
danio3834 - ” I still can’t look at one without being reminded of RoboCop.” Yes! These have 6000 SUX written all over them. A British tradition?
bball40dtw - Well then Scottdude, everything just got ruined. I like your alternative Ford product line better than the current. So this prior to Mullaly selling all...