GM's 'Volt'...

[GoldenRivet]

Originally Posted by mookiemookie

Another wonderful thing you can (in part) thank the Bush administration for. Their parting shot to taxpayers.

correct.

Any administration/political party and congress that writes the check - i blame.

So far that has been two fools in the white house that have done so.

[mookiemookie]

Originally Posted by GoldenRivet

correct.

Any administration/political party and congress that writes the check - i blame.

So far that has been two fools in the white house that have done so.

Indeed. One of the major things I fault Obama for - continuing many of the same crappy decisions of his predecessor.

[SteamWake]

Ah its time to blame bush again.

I'm fairly sure that Bush did not intend to take over the company but thats actually fodder for another topic.

Originally Posted by Bloomburg Buisness Week

Now that the United Auto Workers will likely own big stakes of General Motors and Chrysler (possibly 39% of GM and 55% of the latter) some very thorny questions arise. How will management work with some degree of union ownership?

First, let’s look at a few facts. The UAW won’t directly own equity stakes in the car companies. The shares will be owned by a Voluntary Employee Benefits Trust, or VEBA, which invests cash and manages a portfolio to pay union healthcare benefits.

When all of the legal proceedings are done, which should be next year, the VEBA trusts will have a board of trustees who could get representation on the boards of the companies.

http://www.businessweek.com/autos/au...ownership.html