Heard today that you will be able to lease a Volt for $350 per month
with a down payment of US$2500. Term 3 years, then you can buy
it if you wish. This may move some people into these cars. hls.
And of course taxpayer subsidized for GM... I will pay less for
my F150 and the heat and A/C work great. Canuck57
C-57 correctly notes that the $7500 "government" subsidy is actually
a transfer of money taken from a taxpayer and given to someone
who is willing to buy a government approved politically correct vehicle.
It's difficult to see how stock in the new GM can pay off for stockholders.
The old management broke the company with unsustainable wage and
benefit concessions to the unions. In bankruptcy, the unions took their
unfunded pensions in new GM stock. The unions are now the owners of
the new GM, in an even stronger position to convert company earnings
into more union benefits, leaving stockholders out in the cold.
If this happens investors will shun the new GM and it will again sink into
bankruptcy. But GM is still "too big to fail", so taxpayers will be
burdened to bail it out again. If our economy collapses from bailout
taxes will the international community bail us out because the US is
"too big to fail"?