I lost my total investment in GM when it dissolved all it's stock
holders and started begging. I did not lose a fortune, only about 250
shares. My family has always held some GM stock because some of them are
from Detroit and worked in the auto industry. Honestly, I would like to
again purchase some GM stock, but I was burned once already so I'll do
what I can to not be burned again. That is my entire motivation for this
post. I have been following this pretty closely, including going to GM
dealers and talking to salesmen in a very casual but inquisitive
manner. My only tiny regret is that to do this I pose as an excited
potential car buyer, who has not done this to wile away a sunny
afternoon? It is amazing what you can learn from folks closer to the
"know" than you or I. Here is some of the latest, you make up your own
mind, hell, you're smartter than the average bear (Yogi Bear,
remember?). I read a recent article in The(Columbian) front page
Business section lower right about GM. The article stated, "GM
Challenges Estimate Of Hugh Loss On Volt" allow me to paraphrase the
short article. Reuters estimated that GM is losing as much as $49,000 0n
every VOLT, and GM says that they are wrong. GM has acknowledged it's
losing money on the VOLT, but won't say how much, WHICH OF COURSE LEADS
TO THE SPECULATION THAT THEY ARE UPSET ABOUT, brains?????
Couple this with the blazing glory of the GM bailout pontificated about
at the recent DNC gathering and the conclusion is, someone is in the
liar camp. This is not the rocket science class, so you settle this with
yourself, I have.
http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/
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