Quote:
Originally Posted by tbomachines
More likely if they had shut down, their contracted companies would be scrambling for customers. A lot of these outsourced companies SOLELY supply GM. Its hard to say strictly based on speculation...if an offshore company buys GM and continues all their models as is, mainly just changing the financial model upon which the company works then all of their subsidiary contracts would be fine. As soon as they start moving to more affordable labor/manufacturing (i.e. making Chevy Cherries or TaTas...) it shuts down all of those companies. Hard to say how it would have turned out--look at Chrysler and fiat. On the other hand, they've already paid back their loan and seems to be doing okay.
General Motors Repays $8.1 Billion in Government Loans - ABC News |
Yes, and then they took other subsidies elsewhere. It was like getting anothe loan to pay off the first one, but then only publicly speaking about the one they paid off and not the one that they just took out.