Penske deal fails, Saturn to be shut down

[77rednecktruck]

@Darkstar

There is so much stupid in this post I don’t know where to begin. What the fuck is the difference if GM had to get it’s line of credit from a government subsidized bank or right from the government itself? You might say “oh the taxpayers are now on the hook.” Bullshit. The government will eventually get it’s money back and probably make a profit on the deal. Not tomorrow or the day after, but the money HAS to be paid back.

As far as Ford being family owned and “caring about the future”

Are you fucking serious? On a car board, we’re really going to play fanboy over companies corporate structures? Just because FOMOCO got itself into serious trouble a few years BEFORE GM and Chrysler and was forced to liquidate some assets doesn’t mean they’re smart. It means they lucked out, in a way.

Ford is a much better run company than GM or Chrysler is. They had a problem and fixed it. They didn’t go whining to the gov to help them.

Fanboy or not, ford told the gov to piss off with bailout money and that should be worth something. Any company telling the gov to butt out is OK in my book.

Do you really think that all of the money they took will be paid back to the government?