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Gm still is Government Motors
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<blockquote data-quote="diesel96" data-source="post: 731316" data-attributes="member: 9859"><p>What does all this mean beside Brett, Baba and Lucy inheriting indigestion? It means the bankruptcy did what was intended. It shrunk GM to a manageable size and made it an automaker more likely to survive in a market crowded with keen Asian, European and domestic competitors. GM needed to shed brands, models, dealerships, white- and blue-collar employees, production capacity and debt to be viable and help save U.S.-based manufacturing. GM expects to remain profitable, although it's too early to predict an overall profit for 2010. If GM can pull that off, an IPO that "buys out" a portion of the government's "investment" (large enough to reduce our ownership to a minority position,) should happen by early next year.....</p></blockquote><p></p>
[QUOTE="diesel96, post: 731316, member: 9859"] What does all this mean beside Brett, Baba and Lucy inheriting indigestion? It means the bankruptcy did what was intended. It shrunk GM to a manageable size and made it an automaker more likely to survive in a market crowded with keen Asian, European and domestic competitors. GM needed to shed brands, models, dealerships, white- and blue-collar employees, production capacity and debt to be viable and help save U.S.-based manufacturing. GM expects to remain profitable, although it's too early to predict an overall profit for 2010. If GM can pull that off, an IPO that "buys out" a portion of the government's "investment" (large enough to reduce our ownership to a minority position,) should happen by early next year..... [/QUOTE]
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