My son next to the Olds he thinks is his….. All original 5 speed manual 260 V8. I love the long lines!
That's correct. The Troubled Asset Relief Program (TARP) provided a combined $79.69 billion to GM, GMAC and Chrysler. Ford supported the move because it feared many of its suppliers wouldn't survive GM and Chrysler both going bankrupt, but didn't take any of the money. About half of those funds have been paid back.My understanding is that Ford didn't take bailout money. From what I remember, Ford took out loans and paid them back. GM and Chrysler Group (now Fiat) did not repay all of the money from the government.
A I recall Ford is the only auto manufacturer that didn’t take any bail outs under Dinglbarrys reign of terror.I can tell you about Pontiac and Oldsmobile. Those died when GM filed bankruptcy and needed to cut down on the different factories and tooling. They weren't selling like other brands and GM was dying on the vine, mainly because the government went one way with GWBush and the other with OBlama.
GM said, "We have enough money to retool one time for a green energy product. Which one do you guys like?" and GWBush said, "Hydrogen. It looks to be the way of the future." So GM re-tooled along with the other brands to producing Hydrogen cars. They even had some produced and tested by famous people, including Jay Leno and Sean Hannity.
Then we had another election and Obama came along.
Oblama said, "Electric is better so my friends can get subsidies". Remember Solindra? Hundreds of millions of dollars given from the government one month, and the next they've filed bankruptcy and closed the doors, nowhere to be found. Not suspicious at all. Anyway, the whiplash killed the auto industry with only Ford able to keep itself afloat, though they were forced to take bailout money anyway by the corrupt Obama regime.
You know, if Repubs would work as hard at getting their supporters paid as Dems do, we'd almost have a fair fight on our hands.
OK, I don’t totally disagree with that, but I think there’s much more to the equation……They died because they were made SUB-STANDARDLY! The Japanese were making a vehicle that would wrap rings around the American built car.
Sorry to say but TRUE!
Thats BAD A _ _. looks like the OPAL GT. Sort of.In the case of Pontiac, I read an interesting article, though can't remember where I saw it now. Pontiac's demise started in 1964 when John DeLorean developed the XP-833 project car. It would have been a direct competitor to the Chevrolet Corvette and upper management at GM was definitely not pleased! Pontiac was relegated to an "ugly stepsister" role and was never allowed to outshine Chevrolet again. That probably explains the Vibe...
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