GM Bailout Lobby
November 18th, 2008 | by writer |With new resistance to the $25 billion dollar auto industry bailout from Treasury Secretary Henry Paulson and others in Congress General Motors has taken to lobbying a number of owners to help in the effort. In this document GM Group Vice President Tony Clarke puts forth his argument for support of the auto industry bridge loan.
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One Response to “GM Bailout Lobby”
By Jason on Nov 18, 2008 | Reply
Today GM suffers a loss of about $2,000 per vehicle sold. On the other hand Toyota whose employees are not part of the UAW earns a profit of about $1,200 per vehicle sold. If GM was able to operate with labor prices near Toyota’s it would have pocketed an additional $29,715,200,000.
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