Mary Barra - NEW GM CEO

[XfireZ51]

She sounds like a great choice. She is also a graduate of my alma mater, Kettering University(formerly GMI). Women attaining significant positions like CEO of GM and Janet Yellen Chair of the Fed.

http://www.freep.com/article/2013121...-GM-Mary-Barra

[Kevin]

30+ years in the same culture that produced utter rubbish for 30+ of them, not a fan

[XfireZ51]

Originally Posted by Kevin

30+ years in the same culture that produced utter rubbish for 30+ of them, not a fan

OK.

[WB9MCW]

Eyes will be on her for sure.

Time will tell how it turns out for her.

Sure would be nice if GM paid us taxpayers back the 10.5 Billion it cost us to save them.

http://www.latimes.com/business/mone...#axzz2n7QpioQj

In 2011, Treasury closed the books on its $12.5-billion bailout of Chrysler and took about a $1.3-billion loss.

[LGAFF]

She announced today that the corvette would be moved to a 2.2 liter 4 cylinder engine with a pink color option.

Seriously she owns a Corvette so can't be all that bad....said she likes fast and powerful cars...she grew up in the auto industry as I understand it.....

[XfireZ51]

Originally Posted by WB9MCW

Eyes will be on her for sure.

Time will tell how it turns out for her.

Sure would be nice if GM paid us taxpayers back the 10.5 Billion it cost us to save them.

http://www.latimes.com/business/mone...#axzz2n7QpioQj

In 2011, Treasury closed the books on its $12.5-billion bailout of Chrysler and took about a $1.3-billion loss.

Failure of the auto industry would have been catastrophic and supercharged an already disastrous spiraling of the economy. 1.3billion is 23times LESS than what the most recent Republican shutdown of the government cost the economy.
Haven't heard much about that cost.

From AutoBlog:
GM, Chrysler bailouts saved 2.6 million jobs
Posted Dec 10, 2013 by Damon Lowney



The Center for Automotive Research (CAR) has been studying the effects of the General Motors and Chrysler bailouts in 2009. Now that the US Treasury has officially sold off the rest of its stake in GM (and Chrysler has already paid back its loan), CAR has released its study on the effects of the bailout with this concluding note: "CAR is confident that in the years ahead, this peacetime intervention in the private sector by the US government will be seen as one of the most successful in US economic history."

Big words, for sure, but there's plenty of evidence to back up the claim. Bailing out GM alone saved 1.2-million jobs. If both GM and Chrysler hadn't been bailed out, US employment would have been reduced by 2.631-million jobs in 2009 and another 1.519-million jobs in 2010, according to the study. If both automakers were allowed to fail, personal income in the US would have decreased by $173.5 billion in 2009 and $110.9 billion in 2010. Instead, the study found that $284.4 billion of personal income was saved by the bailouts.

The Federal government's budget would have been affected due to higher transfer payments, lower social security receipts and lower personal income taxes paid, according to the study, which would have cost the Fed $64.7 billion in 2009 and $40.6 billion in 2010. That's much more money than what the government spent on GM's bailout ($49.5 billion) and Chrysler's bailout ($12.5 billion). It's also much less than the the US Treasury's loss of about $10 billion on GM's bailout. The US Treasury lost $1.9 billion on Chrysler's bailout.

If the numbers seem high, it's because the auto industry is linked at many levels, and the survival of parts suppliers (and their employees' jobs) largely is dependent on the survival of US automakers. For example, the study found that 51 percent of GM's parts suppliers also sell parts to Ford, 56 percent to Chrysler, 58 percent to Asian automakers and 37 percent to European automakers. A failure of virtually any major US automaker would have severe consequences in the global automotive industry.

[USAZR1]

Originally Posted by WB9MCW

Eyes will be on her for sure.

Time will tell how it turns out for her.

Sure would be nice if GM paid us taxpayers back the 10.5 Billion it cost us to save them.

http://www.latimes.com/business/mone...#axzz2n7QpioQj

In 2011, Treasury closed the books on its $12.5-billion bailout of Chrysler and took about a $1.3-billion loss.

$10.5 billion? Uhh,it's just a little more than that,folks.
http://www.ar15.com/forums/t_1_5/156...768__ROI_.html

[Mystic ZR-1]

Maybe Mary can pry our dyno sheets loose?

[FU]

Originally Posted by XfireZ51

Failure of the auto industry would have been catastrophic and supercharged an already disastrous spiraling of the economy. 1.3billion is 23times LESS than what the most recent Republican shutdown of the government cost the economy.
Haven't heard much about that cost.

Republican shutdown......Typical lib. answer. Just like Mary is a feather in the Potus's cap.

Personally I hope she does GM very well . And also get's the governments hands out of GM.

[WB9MCW]

Originally Posted by USAZR1

$10.5 billion? Uhh,it's just a little more than that,folks.
http://www.ar15.com/forums/t_1_5/156...768__ROI_.html

I would not disagree - but using the math of 10.5B for GM and 1.3 for Mopar = 11.8B total divided by 330M (US population - not even all are taxpayers) = 35.73M per person.

Double check the math 35.75M x 330M = 11.797B

I am sure every American had 36 Million around to give to save the Auto Industry. - after all we are never going to repay it and the FED's just print it up anyway and no one ever expects it to be payed back - right?

Want to know why we will never pay off the National Debt and why it will only keep getting larger?

See > http://youtu.be/iFDe5kUUyT0

If you watch this one vid it will explain it all to you!
Be sure to pass it along to all your friends.
This is the best single vid I have found to explain our real financial problems.

The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.
http://money.cnn.com/2013/10/16/news...onomic-impact/