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(Motoring.com (Australia))   Outgoing GM CEO Dan Akerson is being credited with improving productivity and profits. All it took was strong leadership, innovation, a $50 billion government bailout   (motoring.com.au) divider line 10
    More: Unlikely, CEO Dan Akerson, domestic market, spare parts, design studio, Australian dollar  
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155 clicks; posted to Business » on 12 Dec 2013 at 9:00 AM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



10 Comments   (+0 »)
   
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2013-12-12 09:41:15 AM
Every time we "bailout" the auto industry we make a rather substantial profit.

I wish my investments paid off as well. Maybe I should start calling them "bailouts" and they'll perform better.
 
2013-12-12 10:05:30 AM
Careful, Free Radical: Negative $10 billion if you're one of the idiots who only look at the proceeds from sale of stocks.
Positive $90+ billion if you're looking at the transaction it net of federal tax proceeds.
Far, far north of that if you look at jobs and GDP saved.
 
2013-12-12 10:35:58 AM
Who was the first POTUS to bailout a car company?
 
2013-12-12 10:40:01 AM

MFAWG: Who was the first POTUS to bailout a car company?


Carter.
But this one belongs to Bush II.
 
2013-12-12 11:27:11 AM

Free Radical: Every time we "bailout" the auto industry we make a rather substantial profit.

I wish my investments paid off as well. Maybe I should start calling them "bailouts" and they'll perform better.


http://www.npr.org/blogs/thetwo-way/2013/12/09/249815202/government- se lls-last-shares-in-gm-loses-10-billion

Or maybe you are seriously misinformed.

"taxpayers lost $10.7 Billion on the deal"
 
2013-12-12 12:14:46 PM
Akerson is an idiot.  Check out DeLorenzo's take on his departure at http://www.autoextremist.com/.
 
2013-12-12 01:33:09 PM

wickwick: Free Radical: Every time we "bailout" the auto industry we make a rather substantial profit.

I wish my investments paid off as well. Maybe I should start calling them "bailouts" and they'll perform better.

http://www.npr.org/blogs/thetwo-way/2013/12/09/249815202/government- se lls-last-shares-in-gm-loses-10-billion

Or maybe you are seriously misinformed.

"taxpayers lost $10.7 Billion on the deal"


If only this response hadn't been predicted in the immediate next post.
 
2013-12-12 04:34:14 PM
so back to the edge of bankruptcy in ..5 years?
 
2013-12-12 07:10:00 PM
I still hope he makes 'Ghostbusters 3".
 
2013-12-12 07:24:35 PM

demaL-demaL-yeH: Negative $10 billion if you're one of the idiots who only look at the proceeds from sale of stocks.


What idiots would those be?

wickwick: Or maybe you are seriously misinformed.

"taxpayers lost $10.7 Billion on the deal"


Mommy, I saw one!  In the wild!!
 
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