55,000 new jobs in the American auto industry

[piece-itpete]

I am very happy that the autos are growing. I buy and drive domestic cars.

I was OK with TARP, and OK with the auto bailout. Letting GM go into bankruptcy would've been insane in my POV.

One question though - if things are going well, why isn't the government going to sell their stake in GM?

Pete

[Boreas]

Originally Posted by piece-itpete

One question though - if things are going well, why isn't the government going to sell their stake in GM?

Pete

Share price?

[Charles]

Originally Posted by Boreas

Share price?

Not to worry, the Volt will turn things around.

Chas

[Boreas]

Originally Posted by Charles

Not to worry, the Volt will turn things around.

Chas

Bound to.

John

[Charles]

Originally Posted by Boreas

Bound to.

John

If what I remember from you link is accurate (my memory, not the link), a share of GM is going for 75 cents.

That's pitiful. Wonder if the day traders play with it much?

Chas

[Boreas]

Originally Posted by Charles

If what I remember from you link is accurate (my memory, not the link), a share of GM is going for 75 cents.

That's pitiful. Wonder if the day traders play with it much?

Chas

That's right. If my memory serves the 52 week low was 27 cents and the high was $18.18. Pitiful doesn't even begin to describe it.

John

[d-ray657]

But as Chas pointed out below, the bastids are putting 500 million into a plant in Mexico. Maybe the prez oughta tell them dump the Mexico idea, or we'll dump all of your stock on the market at once. That's a thought - Gm trading as a penny stock.

Regards,

D-ray