2 December 2011 0 Comments

Taxpayer Financed Corporatist General Motors Part 4: Jobs to South Korea

NYTimes August 25, 2011: General Motors and South Korea’s LG Group are teaming up to develop electric vehicles, though to what extent the two companies will collaborate is not yet known. . Daniel F. Akerson, the General Motors chairman and chief executive, with Juno Cho, the president of LG Corporation, signing an agreement to jointly […]

1 December 2011 0 Comments

Taxpayer Financed Corporatist General Motors Part 3: American Taxpayer’s Loss on GM Stock Investment 15,101,970, 670.80

Taxpayers have an interest in General Motors. to see how this investment is calculated, click here

30 November 2011 0 Comments

Taxpayer Financed Corporatist General Motors Part 2: China GM’s Crown Jewel

GM China sales up 15.3% in September ABCNews February 15, 2011 reports on US taxpayer owned GM’s outsourcing jobs and profits to China: Calling China “the crown jewel in the GM universe,” Chief Executive Daniel Akerson said the automaker plans to launch more than 20 new or redesigned cars in China over the next two […]

29 November 2011 0 Comments

Taxpayer Financed Corporatist General Motors Part 1: General Motors Moves Jobs to China

Taxpayer Financed General Motors Ships Jobs to China: GM Deepens China Auto Alliance Shanghai GM Stake to Rise  September 20, 2011 Sharon Terlep “General Motors Co. is open to deepening its relationship with China’s SAIC Motor Corp. and could expand the collaboration beyond existing tie-ups in China and India, GM Chairman and Chief Executive Dan […]

9 September 2011 0 Comments

Chevy Volt Government Owned General Motors: The Forgotten Taxpayer Pays

The Chevy Volt, the high profile Obama Administration’s , taxpayer subsidized  “green car” has lacked any but the most miniscule consumer acceptance by real world drivers. Big Government Statist General Motors spends 10s of millions lobbying for yet more Corporatist/Corporate Welfare  subsidies distorting the market causing malinvestment and massive misallocation of resources. RedState’s Ben Howe; […]

8 September 2011 0 Comments

Chevy Volt: President Obama’s Job Creating General Motors’ Chevy Volt’s Sales 125 for July

National Review Online Reports on Chevy Volt’s Sales. It seems the Chevy Volt lacks “consumer acceptance.”   “The Weekly Standard‘s Jonathan Last continues the lonely work of tracking sales of the Chevy Volt, which appears to be a comparable workload to that of the Maytag repairman: “The July sales numbers are out and the Chevy […]