Message #13135

[Howey]

I'm doing better also because of word of mouth with my elderly assistance work and other things, thank's to my initiative. I'm glad you're doing better. How GM being given tax payer money to build and transplant it's operations to China helped anyone escapes me.

http://www.theglobeandmail.com/globe-investor/closing-oshawa-line-could-breach-gm-bailout-conditions/article4358326/?cmpid=rss1(Canada)

http://autonews.gasgoo.com/china-news/summary-shanghai-gm-s-sales-performance-from-2002-120619.shtml

(Don't like Romney but they all sound good when they're running to some extent)

The government still owns 26 percent of GM, as it has for almost the last three years.
http://www.weeklystandard.com/blogs/government-down-16-billion-gm-bailout_646676.html (I know, I know, Weekly Standard but facts are facts.)

So you think letting GM and Chrysler fail would have helped matters, lilFoo?

Are you aware GM China is a huge contributor to GM's current success?

Are you aware the Oshawa plant is in Canada?

Are you aware it's only part of the Oshawa plant that's closing?

Are you aware the closing of the Oshawa plant is temporary?

Are you aware the Oshawa plant is being consolidated with a plant stateside to save money?

http://www.cbc.ca/news/business/story/2012/06/01/gm-oshawa-plant.html

The union says it's been told the facility — the older part of the Oshawa car plant — will close by June 2013 and says that could mean 2,000 layoffs.

GM also has a flex assembly plant in Oshawa that is getting a share of the production of the new Chevy Impala. That flex line currently employs 2,000 people and currently makes the Chevy Camaro, Buick Regal and soon, the Cadillac XTS. If Impala production moved there, it could add another 500 jobs, Buckley said.

GM is scaling back its overall operations in Canada as part of a North American restructuring begun two years ago under bankruptcy court protection. Part of that process was an $8-billion cash injection from the governments of Ontario and Ottawa for ownership stakes in the new GM, something the union was eager to discuss on Friday.

Why would GM sell it's stock now at a loss?