Truthdig - Ear to the Ground - GM Is Europe’s Headache, Too

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GM Is Europe’s Headache, Too

Flickr / Smith

GM does not make the smart car, which may be part of its problem.

If GM strikes out in Washington, the automaker could take its troubles to Europe, the second continent where it has asked for a bailout. That’s because GM operates plants in six European countries, to the tune of 300,000 jobs.

The company is hoping for good news, especially since its auditors announced it may not survive much longer.

BBC:

Earlier this week, GM’s top executive warned the European divisions of General Motors (GM) could collapse within weeks without European governments’ help - costing up to 300,000 jobs.

Chief operating officer Fritz Henderson also said governments should step in immediately to ensure GM Europe did not run out of money by April or May.

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By ApprxAm, March 8 at 5:36 pm #

Well, well….GM is threatening governments on two continents. Too bad they don’t have the cure President Obama has.

When GM collapses, and it will, the union members of the UAW will blame him, of course, and vote for RePugNaConZ; That’s the bad news.

But they’ll leave Michigan for the only auto jobs left, MS, TN, AL, TX, KT and elsewhere in the south, nullifying the effect of not placing the blame where it truly belongs, GM and the New South’s civil war against real America.

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By GW=MCHammered, March 7 at 11:33 am #
(Unregistered commenter)

cops in a smart car
in europe where they’re
too smart to drive amerokun

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By Bernd Buerklin, March 7 at 12:38 am #
(Unregistered commenter)

Let the sucker go down! Nobody needs any of their cars! GM is an obstacle to universal healthcare! The managers are greedy lying bloodsuckers! They destroyed the EV1 and public transportation in the US! It’s time to finally make GM history and bury it in an unmarked grave!

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By howie bledsoe, March 6 at 8:49 pm #
(Unregistered commenter)

cops in a smart car???? god, only in europe!

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By GB, March 6 at 5:07 pm #
(Unregistered commenter)

GM’s CEO should go. The reason GM is dying is because of bad business decisions not because the hard working union workers are sucking the finances. Technology is ready for longer range electric and electric hybrids and GM’s Volt is not out yet. GM’s CEO is still a fossil fuel beleiver who has become a fossil of ideas. The “build it and they will come” is still alive, just not in the dinosaur minds of these CEOs getting handouts from our tax dollars and denying the future the right decisions.

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By coloradokarl, March 6 at 4:36 pm #

GM is too top heavy in Management they blame the union and pensions but the suits brought this company down. The Bankruptcy will cut the fat and we will have a lean mean auto making machine. The wages will be lower and the retirement will be gone, Join the club ! $25.00 per hour is a good living in the cesspool of the rust belt. It’s good most places. GOOD LUCK !!!

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By Bisbonian, March 6 at 2:36 am #
(Unregistered commenter)

Let. Them. Die.

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