Government Motors

[Babagounj]

Suzuki recalls cars built by GM
Suzuki, the Japanese automaker, is recalling 184,000 cars that were built for it in South Korea by GM and sold in the United States.
The recall covers the 2004 to 2008 Suzuki Forenza and the 2005 to 2008 Suzuki Reno.
The problem is an overheating headlamp switch and module that poses a risk of fires.

 

[oldngray]

 

[Babagounj]

http://www.breitbart.com/Big-Government/2014/06/17/GM-recalls-34M-more-cars-for-ignition-problems

 

[Babagounj]

General Motors Recalls 316,000 Vehicles Due to Faulty Headlights
The latest recall brings to 30.4 million vehicles worldwide and 26.85 million vehicles in the United States that GM has recalled this year.

 

[The Other Side]

There is a recall thread for all makes and models.

Why not post this there?? Oh wait, youre all about bashing an american company for recalls. TOYOTA has recalled more cars than GM this year but they get a pass from you.

Yeah, your a great american.

TOS.

 

[Babagounj]

Final tally: Taxpayers auto bailout loss $9.3B
Taxpayers lost $9.26 billion on the U.S. government's automotive industry rescue program, according to a final tally released by U.S. Treasury this week.

The government said it recovered $70.42 billion of the $79.68 billion it gave to General Motors, Chrysler, Ally Financial( formerly known as GMAC ), Chrysler Financial and automotive suppliers through the federal Auto Industry Financing Program. The program was part of the larger Troubled Asset Relief Program, or TARP.

The government lost money, but far less than initially expected when the program was launched in 2009.

 

[DriveInDriveOut]

Final tally: Taxpayers auto bailout loss $9.3B
Taxpayers lost $9.26 billion on the U.S. government's automotive industry rescue program, according to a final tally released by U.S. Treasury this week.

The government said it recovered $70.42 billion of the $79.68 billion it gave to General Motors, Chrysler, Ally Financial( formerly known as GMAC ), Chrysler Financial and automotive suppliers through the federal Auto Industry Financing Program. The program was part of the larger Troubled Asset Relief Program, or TARP.

The government lost money, but far less than initially expected when the program was launched in 2009.

"Last year, the Ann Arbor, Mich.-based Center for Automotive Research estimated that the U.S. would have had 2.6 million fewer jobs in 2009 and 1.5 million fewer jobs in 2010 if the two auto companies had disappeared. The study also estimated the government "saved or avoided the loss of" $105 billion in lost taxes and social service expenses, such as food stamps, unemployment benefits and medical care."
http://www.freep.com/story/money/cars/2014/12/30/treasury-auto-rescue-gm-chrysler-ford/21044191/

 

[Babagounj]

another "saved" job bs.

 

[DriveInDriveOut]

another "saved" job bs.

It's from the article YOU posted but didn't source.

 

[Babagounj]

wasn't worth it .

 

[moreluck]

 

[The Other Side]

Psst..

http://www.greenerideal.com/vehicles/0919-hybrid-sales-soar-north-america/

 

[Babagounj]

Psst..

http://www.greenerideal.com/vehicles/0919-hybrid-sales-soar-north-america/

Record high in August .
So how have sales been since ?

 

[moreluck]

His 'handlers" could've chaged the venue of this speech, but I guess looing like an idiot is what he wants. He doesn't need to hide anything now. No elections to lose, so he's letting it all hang out.

 

[moreluck]

64,000 Volts recalled for carbon monoxide .

http://www.foxnews.com/leisure/2015...xide-trouble/?intcmp=HPBucket&intcmp=features

 

[realbrown1]

"Last year, the Ann Arbor, Mich.-based Center for Automotive Research estimated that the U.S. would have had 2.6 million fewer jobs in 2009 and 1.5 million fewer jobs in 2010 if the two auto companies had disappeared. The study also estimated the government "saved or avoided the loss of" $105 billion in lost taxes and social service expenses, such as food stamps, unemployment benefits and medical care."
http://www.freep.com/story/money/cars/2014/12/30/treasury-auto-rescue-gm-chrysler-ford/21044191/

I don't recall Ford being anywhere close to going out of business like GM and Chysler were.

 

[Babagounj]

Production of the second-generation Chevrolet Volt is set to commence this summer, with the first cars going to customers sometime in the fourth quarter of this year. But before Chevrolet can concentrate on selling the all-new version of the plug-in hybrid EV, it needs to find a way to move the overstock of first-gen models currently sitting on dealer lots.

According to The Detroit Free Press, Chevy dealers had about 6,000 2015 Volts on their lots at the end of April, more than twice the amount of Volts the automaker sold in the first four months of 2015.

All this unsold inventory probably means that the amount Government Motors loses on each Volt produced will climb even higher — and it has already been high:

In 2012, Reuters reported that GM was losing about $50,000 on each Volt it produced. Experts estimated then the Volt cost about $90,000 each to produce.