Ford is "better managed" because it takes a world wide view on sales. They build fuel efficient cars, many of which are not sold in the United States, that are wanted by people overseas. GM..wasn't doing that in the same numbers. They were building cars for "soccer moms". But even the "better managed" Ford was pleased GM was saved because "the better mangers" of Ford felt it that if GM collapsed..they might very well follow.
so its better managed ..thank you.
GM still owes us beaucoup dollars, spent much money on re-tooling a line and building a car that is far out of the mainstream it simply won't sell as it is not even in the range of 75% of the country and it doesn't even have the have the appeal of say a Tesla to attract the philanthropic "I'll throw away money to look green" set....*shrugs*.
Ford rolled the dice on taking their own loans to make their own changes....so, looks like the rolled well.
and please please please, lets stop playing hide the salami as to why any of this is even happening, Wagner had the Volt scheduled for the abyss, that is they knew it was not ever going to be truly viable, those plans were quietly scuttled, it lived on due to the GUBERMINT wanting it so.......PLUS la GM goping out of bus etc....GM would have gone into Chapter 11, ( reorg.) AND the UAW would have had to take a powder THAT is WHY obama stepped in, lets not pretend other wise.
The Volt etc. is just part of a cascade of bad decisions from the start, that keeps rolling downhill.
Why on the world would we bail out a private entity like Cerberus to keep afloat Chrysler? hummmm?