GM’s CFO said they didn’t need the $2B available to them in March:
“This development reflects the acceleration of GM’s companywide cost reduction efforts as well as proactive deferrals of spending previously anticipated in January and February.”
See at: http://www.autonews.com/article/20090312/ANA02/903129982/1197
But, they’re still in the soup line for $22.5B for the rest of the yearl!
Let’s agree to tell our elected representatives and the President to stop the madness now!
Let the marketplace – make that the consumer - decide!!
Andrew Gross
Chairman & CEO
Automotive Consulting Services, LLC
(An Oregon Corporation)
www.autoconsult.us
503-701-6003
andy@autoconsult.us
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Tags: bailout, chrysler, Congress, Ford, gm, March Madness, Obama
