GM gets First $4Billion of Aid Package While Chysler Has to Wait

GM finally gets some bailout money, Chrysler still waiting

Rick Wagoner, CEO General Motors

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eddie

Hopefully in the future we will reward good companies and stop bailing out bad ones. Honda Clarity, Tesla, and Fisker Karma our companies we should be paying attention to. Altimately these futuristic companies should win out.

January 2, 2009 6:43 pm

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plasma_cluster

Companies like BMW,mercedes-benz, volkswagen,porsche,audi don't need bailouts but these guys do! Toyota is in the red too! Sad state of affairs!

January 3, 2009 6:54 am

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Meeshka

There's a reason why those companies don't need the bailout. You can basically sum it under "money management" and "efficient marketing". European car companies have out produced the American car companies for quite a while. I believe this bailout is not as bad as the mass makes it out to be. The money WILL BE returned back to the government sooner or later, the main worry should be if the government will return it back to us.

January 3, 2009 10:27 pm

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_M7_

woooo 4 billions to made cr*py cars ......XD

January 4, 2009 1:20 pm

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hata0101

no, 4 billions to help those CEO, or all those "O" up there, to get through 2009. so they have time & can try their best to "sqeeze" as much money or benefit as they can into their pockets, before the company falls. it's their roots are rotten. the UAW made a wound & keep it breeding, the "culture" of so-called "big 3" drag themselves into tomb. let them RIP. stop wasting taxpayer's money.

January 4, 2009 4:17 pm

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TRDartz

I agree with hata0101.

January 4, 2009 4:51 pm

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hata0101

yes, finally someone see my point! it's how corrupt our government is...help the wealthy & rich to "bailout". in reality, do people how long & how much to invest for a new product? it WON'T happen in few months or in a year! this bailout WON'T turn things around! they can't & they won't be able t design, approve & put a "great product" into production within or in a year! those new models for 2009 probably started back in few years ago!

January 4, 2009 7:01 pm

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