KJRR
Well-Known Member
- First Name
- KJ
- Joined
- Feb 1, 2020
- Threads
- 13
- Messages
- 1,741
- Reaction score
- 8,666
- Location
- Cleveland, OH
- Vehicle(s)
- '19 Ford Ranger, '14 Ford Edge, '74 VW Type 181
- Occupation
- Professional Curmudgeon
GM=guberment motors. Made my decision to buy Ford in 2010 easy.The last bailout involved the US Gov taking stock position in GM (500m shares) and when all shares were sold it was at a $10.5B loss while GM had financially recovered sufficiently to hold billions in cash reserves. At the time it was reported that GM urged the gov to sell their shares because it was hurting sales as some customers wouldn't buy GM products because they disapproved of the gov ownership.
Makes perfect sense, doesn't it
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