Fall of a titan US carmaker General Motors goes bust

[ihateimall]

Bwa ha bwa ha Bwah Ha ha ha!

LMAO!!!

[johnmackx]

You built junk and forgot about the car buyer. Unions were greedy and worked like bs. The fat ass manaagers were arrogant and got their ass kicked. Ait'n no way they will come back. Here comes Rambler, Corvair, Gremleim

[PineEmbers]

Terrible Management, Greedy Unions and now Government Takeover.

RIP-GM

[danny458]

GM needs to make cars that people really wants. With rising gas prices, they were still pumping out big SUVs. OY!

[crxpro1]

fuck them let gm die off

[rsnboy08]

Fuck them......by by, they got what they deserved, i got a 98 gm, sits on the back yard broken down for the 5th time, fucking money pit, don't care, not gonna fix it anymore,my fucking Korean made KIA sephia outlasted that piece of garbage!!!!!!

[robertus911]

Its funny Russia is becoming more capitalist and the U.S, is becoming more socialist . Is there really a middle ground

[jsmith2007LOL]

UNION Killed Them. They want contract salary increment, health care, pension and vacation. Do they care if this year the company is making money? And the pension , they get the pension till they or their spouse die, people live till 85 years old, they are getting the 65%+ of their last pay check for 20+ years. GM and Chrysler paying 6 person salary for 1 person to work. You can't really blame the management or those workers, it's the UNION.

[katebarner]

With bankruptcy, GM and Chrysler are now on par or better vis-a-vis labor costs including legacy costs with the American plants of Honda and Toyota. All the issues you have brought up have now been wiped out. But they still have dramatically overpaid executives who like their Wall Street counterparts talk big about competition, then go running home to Mommy for a handout (read Corporate Welfare) from the working class taxpayers.

[katebarner]

GM is a dichotomy: It has been innovative with prototypes such as the EV1. It has also built some real dogs.

It is wrong to blame the Unions. The Toyota Matrix and the Pontiac Vibe are both built at the same plant in Fremont, CA by US workers. Several Honda and Toyota models are made in the US. Ultimately, GM was run by highly overpaid executives who just got too fat.

[seseljsrs]

Hmm, this is sad news, I suppose...

BUT the new Nissan plant in St Petersburg is GOOD NEWS!

watch?v=WFBMF0DR5a4

[ComradePatriot]

Hot-Wheels toy car company makes better cars than GM.

[golfprobro4eagles]

Rome is burning and no gives a fuck.

[garmao]

good report.

[DMPineau]

The government holds the shares.. they should buy the last quarter or so and convert GM into a worker owned cooperative, and raise some tariffs to protect our industries. Fuck free trade, the WTO, and the capitalists selling our country out from beneath our feet.

[Freemarketeer81]

"Reluctant share holder" RIGHT.

[igorvasilevsky]

Evil Empire is falling.

[vtkrey]

Remember the days they laughed in our faces at the fall of the Soviet Union comrades!

[bigtex501]

obama say they'll act as a "reluctant" shareholder????

And obama just got done DICTATING what the auto industry MUST produce by 2016? Just like obama taking over banks, AIG, Fannie & Freddie, etc.... and dictating how obama wants them to run their corps!

And soon obama will do a hostile takeover of the healthcare industry?

I think we've got a Socialist Dictator on our hands.... but we knew that even before obama was elected!

And we voted for obama instead of Hillary? BAD CALL!

[hosank]

obama= staliin's bitch

[Popajaja]

Solidarity with the US autoworkers!

[dakusahab]

turn them into train workers, only then will anyone support them. The age of cars is over, that's any type of car.

[RussianDefender100]

Death of AmUrican Auto Industry and hopefully more will lose jobs this would target AmUrican families which is good news

:D

[abarzilai664]

How is that good news!? If GM falls entirely the ripple effect will reach way beyond the Detroit area even around the world.

[dantgreat]

Fuck you! Why would you say stupid shit like that? You wouldn't like people saying the same thing about your country.

[Popajaja]

The "American Dream" is over?

[averageworkinggal]

The reason why GM and Chrysler got bailout money was their Big Labor Union contracts (That's the Dems' political base) and because of their collateral impact to the rest of the economy via disorderly bankruptcies.

Both GM and Chrysler are going through bankrupcy which is the capitalist approach, but the govt. is stepping in to prevent disorderly bankruptcies.

Everybody else is still on their own.

[averageworkinggal]

Big Labor takes down another company.