Our Bailout dollars at work!!

[chefdennis]

Yeap, the industry would have fallen apart without the bailout, but it seems that GM could have gotten by with at least a billion less, at least they didn't need it here in thos country...well they will be back for more, so they probably figured, 'what the hey!", the U.S taxpayers can continue to help...

This is simply worng. I don't care abiut GM's bottom line when it comes to their foreign companies, not one bit. They should have just been let to go Bankrupt...

Oh this might be a "lie" or a "hoak" or even "true", I didn't bother to check it out.....

General Motors to Invest $1 Billion in Brazil Operations --

Money to Come from U.S. Rescue Program


By Russ Dallen
Latin American Herald Tribune staff
Latin American Herald Tribune - General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

SAO PAULO -- General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets," he said in a statement published by the business daily Gazeta Mercantil.

Meanwhile, he cut the company's revenue forecast for this year by 14% to $9.5 billion from $11 billion, as the economic crisis began to cause rapid slowdowns in sales.

GM already announced three programs of paid leave, and Ardila added that GM Brazil "is going to wait and see how the market behaves in order to know what decision to take" with regard to possible layoffs.

For Ardila, the injection in Brazil's automobile sector of 8 billion reais ($3.51 billion) recently announced by the federal and state governments of Sao Paulo "has already begun to revive sales," which fell by 12% in October.

The executive said that the company will operate a "conservative" scenario in 2009 with an estimated production of 2.6 million units, and another more "optimistic" that contemplates sales of 2.9 million.

This year sales will reach 2.85 million vehicles, which represents a growth of 15% over last year.

 

[Turtle]

"This is simply worng. I don't care abiut GM's bottom line when it comes to their foreign companies, not one bit. They should have just been let to go Bankrupt..."

People say don't buy a Japanese car, even if it's made here, because the profits still go back to Japan.

Interesting.

 

[chefdennis]

there are foreign name tags built here that have more american content then some of the "domestic" americn cars..... i issue has been from the start that no bailout should have been made at all, and now it is beig used to built foreign ecomonies.... sorry

 

[Turtle]

A irrelevant justification, then a moot point, then a narrow conclusion based on partial facts. Interesting.

 

[chefdennis]

You mean it might be a "LIE" or a "HOAK"!! Oh my God...

 

[Turtle]

It's not a lie or a hoak. It is interesting, however.

Incidentally, "hoak" isn't a word.

 

[chefdennis]

thats ok i am pretty good at using made up words, ( i mostly just pizzed my time in grade school high school and college away ) and you got the point!!

 

[Turtle]

Feeling blissful, are ya?

 

[chefdennis]

yabetchadude!!!

 

[dodgeboy]

A irrelevant justification, then a moot point, then a narrow conclusion based on partial facts. Interesting.

We're going to have to put together a educational fund so that we can send the turtle to Harvard law school. We need to employ Turtle as our secret weapon against all the woes of the expediting world. What do you say? You sure as hell can pick apart someones argument. lol