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Comment: So?
So?
First of all, why is it bad that GM try to improve it's company? You have to ask the question as a business owner:
"What improvements, market and/or products does our company have to produce in order to increase revenue, profits and market share?"
Then, we have to ask the question: "Why did GM ask for bailout money and why did we (the taxpayer) give them money?"
I think it's very clear that a business is going to enter into business in locations where it can be profitable. They were never mandated to build a new plant here in the States. The money was given to keep GM from going into Bankruptcy. They are smart enough to know that there are plenty of cars in the US. They are also smart enough to know that the onerous regulations & union contracts are slowly killing their business.
So, what does a smart business do that just received a lifeline? They try to become profitable as fast as they can. If that means opening a Plant in Brazil, so be it, as long as it's profitable. GM currently has a plant in Russia and it's their ONLY profitable plant.
Final point: They (the automakers) should have NEVER received a bailout of any kind, period. However, now that they did receive it, don't you think it's a good idea to do business where they can actually increase revenue? That loan has to be paid back somehow.
www.twatm.com
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