All Entries Tagged With: "general motors"
GM Wins Ignition-Switch Lawsuit Shield, Hides Behind Old GM
As expected, it has happened. A U.S. Bankruptcy Judge has ruled the “new” General Motors isn’t liable for some of the ignition-switch defects that occurred prior to the bankruptcy. If you are following along that responsibility falls on the “old” General Motors. A shell company comprised of bad assets.
GM won a major court victory over the ignition switch debacle.
Unfair Advantage – Treasury Department Still Owns GM
There has been a lot of news lately in regards to the Governments involvement in General Motors and the bailouts of the auto industry. China has claimed unfair trade practices and have increased tariffs on imports. Plus, there have been calls during the 2012 presidential race for the Treasury Department to sell all the shares it owns. What should the Obama Administration do?
A big controversy a few years ago, the U.S. Government's ownership of General Motors is fueling some presidential race debate.
