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On flying_zyx
The American taxpayers still own the majority of General Motors, but that investment is looking a lot more attractive after the fallen giant paid back a multibillion-dollar lifeline years ahead of schedule, and analysts expect them to actually turn a profit in 2010, all of which seemed unthinkable one year ago.
But after years as a tragic punchline, the people of General Motors could smile today.
"As of today,General Motors has repaid in full and with... " And after wiring 5.8 billion dollars back to the Treasury. GM announced they will ramp up production at this plant in Kansas city and another in Detroit.
This is the furure you hope. And the Chevy Volt, that / electric would-be game changer will hit the market in October months earlier than expected.
I think people should be very optimistic about the fortunes of the General Motors there they are really doing very well.
So how did it happen? Well cash for conquers in Toyota's PR nightmire helped a bit, but mostly it was bankrupucy which lightened their financial burdens like bloated union pensions. A line of well reviewed vehicles in the pipeline for years is finally catching on with the public and with the bailout came a massive shake-up in management. |
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