Nevertheless Robert Scoble just wrote an report about how GM's CEO needs to be fired in jest, I basically agree which the auto maker should be shut straight down for good which would encompass his staying layed away from completely.

Very first allow me start out away by saying that in a very second of infinite stupidity I invested in GM prior to the restructuring. That's why I acquired all of those charming chapter 11 court docket paperwork detailing just how badly GM's administration wasted billions of tax payer dollars. Not from a single country, the US, but from two. Canada's federal authorities via EDC(Export Growth Canada) also funneled tens of billions of money from employee's EI(Employment Insurance policy) funds to GM to keep the CAW alive, which finally proved to generally be the wrong factor to do.

Am I bitter about GM supplying prevalent share holders and tax payers all more than north America the boot in a very personal bankruptcy although they enjoyed high half a dozen determine salaries and all cost paid back accounts? Noooooooooooooooooo..... (just kidding I am mad, incredibly mad)

For people who don't know widespread shareholders are wiped out in a very bankruptcy of the publicly traded organization whilst connection holders obtain the possibility to negotiate or liquidate the corporate. With this circumstance the connect holders were the US and Canadian governments so the tiny guy acquired no opportunity in the least of recovering.

So permit's neglect all that nasty stuff GM did to get a second. Enable's think about the newest GM, and it's nostalgic Youtube commercials. What could possibly be far better than the new GM? I even interviewed the phone developer at GM on video recording at the Yahoo I/O 2010 celebration to learn additional about how "geeky" the Volt is.

The problem is always that they largely are below the exact same management. Individuals including Chuck Stevens, Diana Tremblay and most with the other those that helped generate GM into your floor though finding lavish salaries for accomplishing so are nevertheless there.

The future of compacts solely run on electric fuel outfitted with Yahoo expert services remains to be a perfect. Albeit a dream that Search engines is working very difficult at apparently with Toyota. The two leaders in subsequent gen cars are not GM, however the usual suspects. Toyota with it's investments in Tesla know-how and partnerships with Yahoo and google, and Nissan together with the Leaf.

GM is there. It repaid it's somewhat little bankruptcy restructuring mortgage. It exists, why not acquire a auto from it? Just mainly because. Oh yeah, it's "geeky"($50,000 in marketing and advertising word finances gone) now. I forgot. There is your determination. And just assume of the nostalgia you might have seated in a very bubbly new Camaro.