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And yet just one more reason why I would never own a GM product. I remember the bail-out well…did FORD take any bail-out money? Transparency I do not drive either, but if I did, I choose a FORD over a GM… and I do not own stock in either, just saying.
U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors. Stated differently, the old/new GM never paid $11.2 back to the US Treasury/Government (which means the US Tax Payers had to cover the non-payment by old/new GM). Regarding Ford, they took out a “loan” which is different than the “bail out” money GM and Chrysler took. Ford’s loan was for $5.9B loan and finishing paying off the loan in 2022 (I believe). Chrysler paid back the $9.2B “bailout money” to both US and Canadian Government over a decade ago.