I'm waiting for Robert Redford and Paul Newman to stroll through the room any minute
Da Da da da da da da daaaaah, da da da da da da da da daaaaah
-----
Car Czar Steven Rattner Is Bullish on GM: "I Think We Can Declare Victory"
Posted Nov 10, 2010 02:54pm EST by Peter Gorenstein in Newsmakers, Autos
Related: f, tm, ^dji, ^gspsc, JPM, MS, gm
*
Share
*
retweet
* Email
* Print
The General Motors comeback continues. The automaker earned $2 billion in the third quarter, thanks to strong sales in North America, Asia and Latin America. This was the third-consecutive quarter of profitability for GM, a good sign ahead of its planned IPO next week.
The company has paid back $9.5 billion of the $50 billion government bailout it received in 2009. Whether taxpayers get paid back in full is still in question. Regardless, the bailout and restructuring of General Motors was worth it, both for the company and for the country, says Steven Rattner, former U.S. Treasury Auto Industry Advisor and author of Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry |
