Polishprince
Diamond Member
- Jun 8, 2016
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- #141
GM and Chrysler didn’t fail. They got out completed on quality as their management took advantage of the US consumer to always buy American. The Japanese auto makers focused on building a better car.
Actually, both Chrysler and GM did fail, they fell into bankruptcy and the Obama regime bailed out the UAW so they could be reorganized and they wouldn't lose their union contract.
Share holders, as well as creditors , got fucked over. Even those creditors who supposedly had loans secured by property.