Deseret News | Reader comments: GM chief says company will make money, repay loans

Reader comments
GM chief: Co. will make money

Snake-Oil Salesman | 8:31 a.m. July 10, 2009

The "new" GM will never be profitable because the bankruptcy failed to address the main reason for GM's unprofitability: The United Auto Workers.

GM will constantly need new infusions of cash because it is being run by two entities who have no motive to cut costs: The federal government and the UAW.

GM is now "Government Motors", and it will function about as efficiently as the government does.

Good luck | 8:31 a.m. July 10, 2009

Now that GM is on a level playing field with the foreign competitors (without the retiree and union handicaps), I hope it shows them that American engineers and workers can beat any in the world.

wake up! | 8:57 a.m. July 10, 2009

It is now a government run company. Say good bye to innovations and hard work, say hello to typical government waste. They will never compete in the auto industry again.

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