Tuesday, November 25, 2008
GM BEGGING Countries for an AUTO BAILOUT! ONE TRILLION DOLLARS
ONE TRILLION equals a full kilometer (.06 of a mile) of a sandy beach 4" thick... GRAINS OF SAND!
1-POLAND-Officials in Poland also are bracing for huge job losses, maybe as many as 10,000 in their auto sector.
2-BELGIUM-GM is also having informal discussions with the Belgian government in Brussels about receiving financial assistance for keeping GM facilities in that country open.
3-SPAIN-GM is also having informal discussions with the Belgian government in Brussels about receiving financial assistance for keeping GM facilities in that country open.
4-GREAT BRITAIN-British Member of Parliament Andrew Miller said there had been contact between GM and the UK government
5-SWEDEN-GM has made contact with the government in Sweden, the home country of GM's Saab brand.
6-GERMANY-Germany is home to GM's biggest European brand, Opel. Discussions and meetings there between the government, suppliers and GM management have been fast and furious
7-HUNGARY-Renault has pulled its company-owned dealer network out of Hungary and plans to do the same in the Netherlands by year-end.
8- Czechoslovakia-Thousands of supplier jobs could be cut in central Europe as the global slowdown in auto production hits the region.
9. FRANCE-Home to Renault/Nissan, the company already has closed about 60 dealerships since 2007 as part of leader Carlos Ghosn's austerity program.
10. CHINA- carmakers are asking for government assistance, but they don't want cash to bail them out; what they seek are new rules
11.JAPAN- is officially in a recession and most all Japanese carmakers have slowed production of most models
TEN REASONS WHY THE BAILOUT IS A BAD IDEA
FULL ARTICLE HERE
Labels: depression, recession,gold,silver
auto industry
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Czechoslovakia ceased to exist decade and a half ago...
ReplyDeleteGM grasping at straws. Folks it is over for them. The whole world is in a spiral because of the dollar.
ReplyDeleteRepent and turn to the one true God.
Accept Jesus, he is knocking on your door.
GM the global begger with the tin can out. LOL
ReplyDeleteAll General Motors needs to change is its name to, Give Me!
ReplyDeleteGM bailout, GM bonuses for executives, GM higher benefits and salaries for Union works, GM government assistance this will be so much easier to understand by us taxpayers.
Don't like that, change it to Give You. GY shall produce better and more competitive products. Until that time comes I keep driving my Mercedes and my neighbor his BMW.
Please note that I would love to buy an American car again!!!