Bailout for GM??

[Horse with no Name]

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_.html
Is this a bailout for GM?

[AndyTiedye]

1. Seems We Coulda Used A Few More ARMORED HMVs and A Few Fewer H1s

for some time now, dontyathink?

[Horse with no Name]

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.