Filed under: GM, Autoline on Autoblog
GM COULD REPAY EVERY SINGLE PENNY
Even though General Motors surprised everyone when it announced it will repay its government loans by next June, a lot of people are still unhappy. What about the other billion we poured into the company, they demand to know?
A lot of politicians and not a few Wall Street analysts say we may as well kiss that money goodbye. We’ll never see it again, they promise.
But it’s entirely possible, and even likely, that they are very much mistaken. Taxpayers are likely to get a lot of that money back. Indeed, the federal government could come out looking pretty good in this deal, just like it did when it bailed out Chrysler in the early 80s.
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John McElroy is host of the TV program “Autoline Detroit” and daily web video “Autoline Daily”. Every week he brings his unique insights as an auto industry insider to Autoblog readers.
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Continue reading Autoline on Autoblog with John McElroy
Autoline on Autoblog with John McElroy originally appeared on Autoblog on Fri, 18 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.
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