The Mudcat Café TM
Thread #124231 Message #2742389
Posted By: Donuel
09-Oct-09 - 05:45 PM
Thread Name: BS: GM sells Hummer to Chinese?
Subject: RE: BS: GM sells Hummer to Chinese?
GM has totally abandoned the Saturn line. Pensky was going to buy it but foreign capital did not come through.
GM had an electric car with a 99% approval rating by all. They canceled the leases and crushed every last one.
Wall Street could have invested in America's last huge manufacturing base but chose instead to gamble on martgage derivitives.