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Bailout for GM??

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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 05:16 PM
Original message
Bailout for GM??
GM will stop production of the its iconic HUMMER H1 this year and the manufacturer, AM General, will convert the H1 assembly line to produce more military Humvees, which the company also produces. For many, the H1 became the symbol for petroleum excess: an overly large vehicle with overly large fuel consumption.
http://www.greencarcongress.com/2006/05/gm_cancels_the_...
Is this a bailout for GM?

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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 05:28 PM
Response to Original message
1. Seems We Coulda Used A Few More ARMORED HMVs and A Few Fewer H1s
Edited on Sat May-13-06 05:28 PM by AndyTiedye
for some time now, dontyathink?
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 05:32 PM
Response to Reply #1
2. Yes.
But why now? Timing is very suspect.
Why when gas prices are sky high and nobody is buying Hummers? Why not 3 years ago?
GM was going to have to discontinue this monster regardless.
However...you watch. There will be some executive get a golden parachute out of this military contract. It won't benefit the workers.
It never does.

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