Re: GM to invest $257 million in Detroit, Kansas plants

> On Apr 21, 11:55 pm, “Sid9″ wrote:
>> “Siobhan Medeiros” wrote in message
>>
>> news:40d69da6-1dce-43c1-b99b-df4b70af1578 @&*$?%c2g2000pre.googlegroups.com…
>>
>>> On Apr 21, 3:13 pm, The PHANTOM wrote:
>>>> On Apr 21, 5:02 pm, “Sid9″ wrote:
>>
>>>>> “ZNUYBV” wrote in message
>>
>>>>> news:7002ab00-9a5f-4a18-9da5-a15dc10aa399 @&*$?%y3g2000prb.googlegroups.com…
>>
>>>>>> On Apr 21, 2:43 pm, H&*$?%e wrote:
>>>>>>> From The Detroit Free Press,
>>>>>>> 4/21/10:http://www.freep.com/apps/pbcs.dll/article?AID=/20100421/BUSINESS01/1…
>>
>>>>>>> GM to invest $257 million in Detroit, Kansas plants
>>
>>>>>>> By JEWEL GOPWANI
>>>>>>> FREE PRESS BUSINESS WRITER
>>
>>>>>>> General Motors CEO Ed Whitacre said today that he expects the U.S.
>>>>>>> government to recoup its entire investment in the automaker.
>>
>>>>>>> Before a cheering crowd in its Chevrolet Malibu plant in Kansas
>>>>>>> City,
>>>>>>> Kan., General Motors CEO Ed Whitacre confirmed today that the
>>>>>>> company
>>>>>>> has paid off $5.8 billion in loans owed to the U.S. and Canadian
>>>>>>> governments five years ahead of schedule.
>>
>>>>>>> Talking to reporters after the announcement, Whitacre said he
>>>>>>> expects
>>>>>>> GM’s initial public offering to be valuable enough for the U.S.
>>>>>>> government, a 60.1% shareholder in the automaker, to earn back more
>>>>>>> than $40 billion in equity.
>>
>>>>>>> “I think the government and us, the taxpayers, made a terrific
>>>>>>> investment and I think it’s going to pay off big time,” Whitacre
>>>>>>> said.
>>>>>>> He also said the automaker’s first-quarter results would be
>>>>>>> impressive.
>>
>>>>>>> Though he wouldn’t specify if GM was profitable during the first
>>>>>>> quarter, Whitacre said, “I think we’ll surprise a lot of people.”
>>
>>>>>>> Whitacre also announced today that the highly anticipated Chevrolet
>>>>>>> Volt would be released in October ahead of an expected November
>>>>>>> release.
>>
>>>>>>> Offering a picture of a bright future for the Detroit-based
>>>>>>> automaker,
>>>>>>> Whitacre announced GM’s plans to invest $257 million into its
>>>>>>> Detroit
>>>>>>> and Kansas City plants to build the next generation Chevrolet
>>>>>>> Malibu.
>>
>>>>>>> _____________________________________________
>>
>>>>>>> Harry
>>
>>>>>> I’m not buying any GM stock or automobiles.
>>
>>>>> .
>>>>> .
>>>>> Government saved America’s auto industry and the jobs related to that
>>>>> industry.
>>
>>>>> GM paid the government back today for the bailout.
>>
>>>>> Very soon government will sell its interest in GM to the private
>>>>> sector.
>>
>>>>> A tremendous success for government/business cooperation!
>>
>>>> GM is already talking about another “bailout”. Where does it end sid??
>>
>>> Yeah? When was this? Let’s see a cite, loser.
>>
>> .
>> .
>> The “who farted jackass” can’t read.
>>
>> Home schoolers have that problem
>>
>> Obama saved the American Auto industry and all the jobs associated with it.

Where was Obama when the Buggy-whip industry was going out of business
and all those jobs were being lost?