Comments on: Wild Ass Rumor of the Day: GM Selling-Out to the Arabs? http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 05:36:31 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Sherman Lin http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-178292 Sherman Lin Thu, 28 Feb 2008 17:23:03 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-178292 This is what they deserve. The Detroit 3 with the exception of Ford fought tooth and nail to not change or to let true outsiders in to make the changes. So instead of Ghosen and Kerkorian, you will have Cerberus and the Saudis and maybe the Chinese. It ccould not happen to a more deserving group. It's still my belief that Kerkorian wanted to actually transform either GM or Chrysler and not just strip and flip. This is what they deserve. The Detroit 3 with the exception of Ford fought tooth and nail to not change or to let true outsiders in to make the changes.

So instead of Ghosen and Kerkorian, you will have
Cerberus and the Saudis and maybe the Chinese. It ccould not happen to a more deserving group.

It’s still my belief that Kerkorian wanted to actually transform either GM or Chrysler and not just strip and flip.

]]> By: Bunter1 http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-178282 Bunter1 Thu, 28 Feb 2008 17:22:39 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-178282 That'll motivate them to reduce their fuel consumption! If this happens, and the public gets it, I could see the sales due to "buy American" sympathies going right down the (oil) well. Yikes. Bunter That’ll motivate them to reduce their fuel consumption!

If this happens, and the public gets it, I could see the sales due to “buy American” sympathies going right down the (oil) well.

Yikes.

Bunter

]]> By: iNeon http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-178272 iNeon Thu, 28 Feb 2008 17:12:30 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-178272 Why, this is the best Chrysler news I've heard all month!! Why, this is the best Chrysler news I’ve heard all month!!

]]> By: jkross22 http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-178152 jkross22 Thu, 28 Feb 2008 16:37:30 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-178152 Agree with Frontline - GM now will be owned by Foreign governments, like our eternal friends, the Saudis. It doesn't stink but it definitely smells. Agree with Frontline – GM now will be owned by Foreign governments, like our eternal friends, the Saudis.

It doesn’t stink but it definitely smells.

]]> By: Detroit-X http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-177652 Detroit-X Thu, 28 Feb 2008 14:04:14 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-177652 If outside investors did come to GM's rescue, I bet the investment collateral would be the non-union, GM international operations. The Big-3 have been 'naturally' protected from takeover by the repulsion of dealing with the mongrel UAW all these years. Nobody is stupid enough to voluntarily step into that mess, (well, except for Cerberus). By the way, I'm not really down on the UAW in general, if they can dupe the Big-3 out of cash, fine. Those guys spend money, and it's distributed into the economy. I think it's great the UAW have been around to taunt and aggravate those overpaid, underperforming auto executives; they only learn via a fist in the face. If outside investors did come to GM’s rescue, I bet the investment collateral would be the non-union, GM international operations. The Big-3 have been ‘naturally’ protected from takeover by the repulsion of dealing with the mongrel UAW all these years. Nobody is stupid enough to voluntarily step into that mess, (well, except for Cerberus). By the way, I’m not really down on the UAW in general, if they can dupe the Big-3 out of cash, fine. Those guys spend money, and it’s distributed into the economy. I think it’s great the UAW have been around to taunt and aggravate those overpaid, underperforming auto executives; they only learn via a fist in the face.

]]> By: frontline http://www.thetruthaboutcars.com/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/comment-page-1/#comment-177612 frontline Thu, 28 Feb 2008 13:52:51 +0000 http://www.thetruthaboutcars.com/news-blog/wild-ass-rumor-of-the-day-gm-selling-out-to-the-arabs/#comment-177612 RF, These loans come from capital that is controlled by goverments that are named in the article. This does not feel right to me and I think some controls need to be put in place for possible future problems with this arrangement. RF, These loans come from capital that is controlled by goverments that are named in the article. This does not feel right to me and I think some controls need to be put in place for possible future problems with this arrangement.

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