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4 Answers
- Anonymous9 years agoFavorite Answer
And its a good thing they paid the money back as well....
http://abcnews.go.com/WN/general-motors-repays-81-...
http://usnews.rankingsandreviews.com/cars-trucks/d...
Isn't America great?
- U.n.c.l.e SamLv 69 years ago
GM has to turn to the China market because American cars are not popular around the world. They can't compete with German, Japanese , British cars for quality, For years they only thought about the home mass market. The Chinese government subsidises their industry. America can't just rely on that market, because there is 1billion ppl etc.
They can be successful if they can't get started on fuel efficient electric hybrids vehicles, but American industry is only built for mass production. Whereas other countries can produce higher-end quality vehicles for a mixed market. Bmw are already steaming ahead on electric cars, and in 5 years they will be ready. Fuel efficient motors are what people want to drive. Gas is too expensive.
- rightstuffLv 79 years ago
obama stole gm from stock holders and gave it to union
gm still owes america 142 billion dollars