GM Statement on House Vote in Favor of H.R. 7321, Auto Industry Financing and Restructuring Act
Published: December 11th, 2008
Share
“We thank the House and its leadership for their bipartisan vote to support America’s domestic automakers at this most critical time for the nation’s economy. The House vote brings us closer to saving jobs and to creating a more competitive U.S. auto industry in order to maintain America’s economic vitality. We encourage the Senate to act soon so that we can continue at full speed on the restructuring and advanced technologies plans that will form a stronger, more viable GM.”
More by Robert Farago
Comments
Join the conversation
hopefully Red Ink Rick and company will remember where the knee pads are stored for future needs!
Well…3.1 billion from Sweden, I’ve got it, GM gets 6B to purchase Volvo from Ford, pulls the plug on Saturn and instantly has a network for Saab/Volvo/Holden, and that’s it, maybe Opel is in there somewhere too, Maximize their existing energies into a sold product line that can be sold anywhere on earth. Proceed with efforts to consolidate their traditional domestic brands…. (If possible) Ford takes 6 large and absorbs/cherry picks off Chrysler, i.e. market share and Jeep. Sells off picked bones to the inevitable Chinese or Indian concern. Nothing here addresses management issues and that’s another story, but the Governments of North America need to quickly agree on universal safety and emission standards. Why not inline with the EU? This alone should relieve engineering and development budgets of millions and millions of dollars. Any vehicle that is offered for sale in the EU should be damn good enough for any market in the world. Period!
30 republican votes out of 200something is hardly bipartisan
This only proves that many of our elected representatives can be ignorant and wasteful just like GM's management. It takes one to know one happened in this case.