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The continuing circus that is GM [Archive] - RonFez.net Messageboard
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WRESTLINGFAN
12-01-2009, 05:34 PM
Current CEO is on his way out. How long was he at the helm about 5 months or so?

http://www.marketwatch.com/story/general-motors-ceo-henderson-resigning-reports-2009-12-01?siteid=bnbh

I hope its not due to Tiger Woods crashing an Escalade when hes supposed to be promoting Buicks
boosterp
12-01-2009, 09:40 PM
GM is following Chrystler's lead.
WRESTLINGFAN
12-30-2009, 06:16 PM
If at first they don't succeed. Heres billions more


http://money.cnn.com/2009/12/30/news/companies/gmac_bailout/index.htm
pennington
12-30-2009, 06:28 PM
If at first they don't succeed. Heres billions more


http://money.cnn.com/2009/12/30/news/companies/gmac_bailout/index.htm

GMAC is owned by an investment group. I believe General Motors still may own a small percentage. It's basically another bank that went crazy with bad loans and the government is bailing out.
Ogre
12-31-2009, 02:21 AM
Great, slowly but surely Uncle Sham is tightening his grip on my Nads. First my healthcare then my house.
Syd
12-31-2009, 04:56 AM
GMAC is owned by an investment group. I believe General Motors still may own a small percentage. It's basically another bank that went crazy with bad loans and the government is bailing out.

GM owns a 10% stake. It's also a bank now, so you have to pin this on the Federal Reserve.