posted
i hated that we put ourselves into the situation that we needed to bailout anybody. I hate that we have yet to create and enforce laws that would make co's to big to fail divest into smaller leaner companies that we can afford to allow to fail...
however, the Govt did what it had to do and is proving that we can in fact do good things even now. I still say that anybody too big to fail needs to be Forcibly broken up if they won't do it themseleves:
after outselling Toyota, Volkswagen U.S. car giant sold 9.03 million vehicles globally in 2011
General Motors is back on top as the world’s biggest automaker, outselling Germany’s Volkswagen and Japanese Toyota to reclaim the crown it surrendered in 2009 after declaring bankruptcy.
The US giant sold 9.03 million vehicles globally in 2011, up 7.6 percent from a year ago, as it cashed in on a recovery in the North American market which delivered a 11.4 percent sales jump to 2.9 million.
The carmaker also posted strong results elsewhere, with European sales up 4.4 percent and 3.9 percent in South America.
Its best-selling marque Chevrolet posted record sales of 4.75 million units, making up almost half of the global total.
The results marked GM's sharp U-turn from near demise in 2008, when the global financial crisis forced it to turn to the US government for a bailout.
posted
This is a great victory for Obama and a god send to GM and American workers.
Don't listen to the wet eyed republican weaklings and there excuses and swagger they give nothing to the country and want everthing.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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