GM plans $3 billion investment in South Korea after Trump took credit for GM moving jobs back to US

[bendog]

So GM's costs are out of whack and they've lost a lot of money there but they'll invest billions more?

No wonder taxpayers had to bail them out

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

What part of Ford didn't take the money can you not understand?
GM is a catastrophically mismanaged company, so many blunders and waste that the ONLY way they can survive is numerous bankruptcy filings and government bailouts. There could not possibly be another super corporation in modern history that has so ignored and misjudged market changes.
Is this what you propose? Every failed and mismanaged company should get taxpayer stipends to overcome their failures?

Ford took plenty of bailout money. Feel free to look it up.

Feel free to comprehend what you read, because you don't now.
The Government bought GM shares for $51 billion, later sold them for $39.7 billion, taxpayer losses amounted to $11.3 Billion.
The Government bought Chrysler shares for $12.5 billion after reselling taxpayers lost $1.3 Billion for a combined taxpayer loss of $12.6 Billion.

On top of that... they gave $14.3 Billion to GM and $5.5 Billion for Chrysler and $5.5 Billion to GMAC.
NONE to Ford.

Ford received not one cent of TARP funds via share purchase or TARP grants.
What they DID do was accept a $9 Billion LOAN. To which they are repaying, and are on schedule to repay with interest.

And it was money well spent.

 

[iamwhatiseem]

And BTW Old School, ALL WITHIN 3 YEARS AFTER BAILOUTS...... GM out of TARP funds GM has invested $450 million in a new plant in Argentina, over $1 billion in a new plant in Wuhan, China, $500 million for two new plants in Brazil, $200 million for an engine plant in Thailand, $540 million for an engine plant in Mexico, another $420 million for new vehicle production in Mexico, and $150 million for a new plant in Indonesia.
That was $1.84 Billion in just 3 years. After saying they would go out of business without money...suddenly they had money to invest in oversea plants. The Obama administration wasn't smart enough to require the funds be used for in-country investments.

 

[bendog]

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

Calling it part of the "us auto industry" is a stretch now.
We bailed them out and they invested billions in other countries.
They now have 209K employees. Less than 100K are in America

Because they sell cars in other countries. Are you going to say Toyota’s not Japanese because they have factories here?

I guess you’d prefer those 100,000 didn’t have a job at all.

Of course your hack ass ignored my point

Your point is that they employ people in other countries like every single other car manufacturer does.

The US problem was that management and unions were in an adversary relationship, and that is certainly not true in places like Germany. The UAW was in position during the 70 and 80s to force GM to pay them a wage that GM couldn't afford to pay. That coupled with the fact that GM engineers designed shitty cars. And GM management was pretty much in it just for pensions.

The Oranguton once again lied, and the Trumpbots are tripping over themselves to deflect.

 

[iamwhatiseem]

And it was money well spent.

ALL WITHIN 3 YEARS AFTER BAILOUTS...... GM out of TARP funds GM has invested $450 million in a new plant in Argentina, over $1 billion in a new plant in Wuhan, China, $500 million for two new plants in Brazil, $200 million for an engine plant in Thailand, $540 million for an engine plant in Mexico, another $420 million for new vehicle production in Mexico, and $150 million for a new plant in Indonesia.
That was $1.84 Billion in just 3 years. After saying they would go out of business without money...suddenly they had money to invest in oversea plants. The Obama administration wasn't smart enough to require the funds be used for in-country investments.

Think about how many jobs that outsourced you derp.
Money well spent.
Jesus Christ.

 

[bendog]

And it was money well spent.

ALL WITHIN 3 YEARS AFTER BAILOUTS...... GM out of TARP funds GM has invested $450 million in a new plant in Argentina, over $1 billion in a new plant in Wuhan, China, $500 million for two new plants in Brazil, $200 million for an engine plant in Thailand, $540 million for an engine plant in Mexico, another $420 million for new vehicle production in Mexico, and $150 million for a new plant in Indonesia.
That was $1.84 Billion in just 3 years. After saying they would go out of business without money...suddenly they had money to invest in oversea plants. The Obama administration wasn't smart enough to require the funds be used for in-country investments.

Think about how many jobs that outsourced you derp.
Money well spent.
Jesus Christ.

Asshole. 4 million jobs.

 

[iamwhatiseem]

And it was money well spent.

ALL WITHIN 3 YEARS AFTER BAILOUTS...... GM out of TARP funds GM has invested $450 million in a new plant in Argentina, over $1 billion in a new plant in Wuhan, China, $500 million for two new plants in Brazil, $200 million for an engine plant in Thailand, $540 million for an engine plant in Mexico, another $420 million for new vehicle production in Mexico, and $150 million for a new plant in Indonesia.
That was $1.84 Billion in just 3 years. After saying they would go out of business without money...suddenly they had money to invest in oversea plants. The Obama administration wasn't smart enough to require the funds be used for in-country investments.

Think about how many jobs that outsourced you derp.
Money well spent.
Jesus Christ.

Asshole. 4 million jobs.

That TARP money paid for. You know, the money you said was well spent.

 

[Sunni Man]

Hey - when President Dotard takes endless credit for things that don't come true ... the backlash is deserved.
Tell him to shut his damn egomaniacal orange yap.

Pres. Trump is the greatest political leader of this century.

Only idiots will dispute this fact. ....

 

[my2¢]

One thing I notice about partisans of both parties, they're more enamored with talk than actions.

 

[iamwhatiseem]

And BTW - this $3 Billion? Where do you think they got the money???
From TARP!!!!!!!!!!!!!!!!

 

[DrLove]

Hey - when President Dotard takes endless credit for things that don't come true ... the backlash is deserved.
Tell him to shut his damn egomaniacal orange yap.

Pres. Trump is the greatest political leader of this century.

Only idiots will dispute this fact. ....

Dude, your sycophancy is adorable.

Time to light the scented candles in your Supreme Leader's Shrine ... isn't it?

 

[TheMoreYouKnow]

The auto industry is wholeheartedly subsidized in order to build these car plants 8n the South. So much for bootstrapping.

 

[TheMoreYouKnow]

Hey - when President Dotard takes endless credit for things that don't come true ... the backlash is deserved.
Tell him to shut his damn egomaniacal orange yap.

Pres. Trump is the greatest political leader of this century.

Only idiots will dispute this fact. ....

Filthy Don is like a diaper. Self absorbent and full of chit.

 

[AntonToo]

Hey - when President Dotard takes endless credit for things that don't come true ... the backlash is deserved.
Tell him to shut his damn egomaniacal orange yap.

Pres. Trump is the greatest political leader of this century.

Only idiots will dispute this fact. ....

Psst, idiot:

Donald Trump is America's worst president... based on a survey of 170 members of the American Political Science Association’s Presidents and Executive Politics section.

 

[Sunni Man]

The election of Pres. Trump was a blessing for our country. .....

 

[NightFox]

So GM's costs are out of whack and they've lost a lot of money there but they'll invest billions more?

No wonder taxpayers had to bail them out

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

What part of Ford didn't take the money can you not understand?
GM is a catastrophically mismanaged company, so many blunders and waste that the ONLY way they can survive is numerous bankruptcy filings and government bailouts. There could not possibly be another super corporation in modern history that has so ignored and misjudged market changes.
Is this what you propose? Every failed and mismanaged company should get taxpayer stipends to overcome their failures?

Ford took billions. It just wasnt a bailout. As there is a difference. IIRC, the money was to prevent a future bailout.
I believe the money we gave them didnt end up costing us 11B like GM did.

Ford received $5.9 billion in federal loans from an existing DoE program under terms (i.e. strings attached) that it would be used to finance the development of full efficient vehicles and hybrid/electric technology, the loans are scheduled to be paid back in 2022. As opposed to the bail out (i.e. give us cash to finance our operations or we're going bankrupt) money that GM received from TARP.

Ford didn't need a "bailout" to fund business operations since unlike GM and Chrysler it had sufficient resources to do that on its own.

 

[Siete]

I bought Ford @ $5 - $5.50 & $6.00 -- THANK YOU GM.

 

[iamwhatiseem]

So GM's costs are out of whack and they've lost a lot of money there but they'll invest billions more?

No wonder taxpayers had to bail them out

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

What part of Ford didn't take the money can you not understand?
GM is a catastrophically mismanaged company, so many blunders and waste that the ONLY way they can survive is numerous bankruptcy filings and government bailouts. There could not possibly be another super corporation in modern history that has so ignored and misjudged market changes.
Is this what you propose? Every failed and mismanaged company should get taxpayer stipends to overcome their failures?

Ford took billions. It just wasnt a bailout. As there is a difference. IIRC, the money was to prevent a future bailout.
I believe the money we gave them didnt end up costing us 11B like GM did.

Ford received $5.9 billion in federal loans from an existing DoE program under terms (i.e. strings attached) that it would be used to finance the development of full efficient vehicles and hybrid/electric technology, the loans are scheduled to be paid back in 2022. As opposed to the bail out (i.e. give us cash to finance our operations or we're going bankrupt) money that GM received from TARP.

Ford didn't need a "bailout" to fund business operations since unlike GM and Chrysler it had sufficient resources to do that on its own.

GM - fund operations and invest nearlly $5 Billion to build off shore plants since then....thank you tax payers!!

 

[NightFox]

I bought Ford @ $5 - $5.50 & $6.00 -- THANK YOU GM.

You should have bought GM, you'd have gotten higher returns.

 

[Siete]

I bought Ford @ $5 - $5.50 & $6.00 -- THANK YOU GM.

You should have bought GM, you'd have gotten higher returns.

I should have bought Ford @ $1.50

 

[Weatherman2020]

In my opinion, Unions are the bane of the auto industry, and cause most of the problems. ....

Have a friend who worked at GM once. Got reprimanded for plugging his computer into the wall. Only union electricians are allowed to do that.