The U.S. government's bailout of General Motors (NYSE: GM ) was wildly unpopular in some circles, but there's no doubt that it worked. GM is now solidly profitable, its cars have improved, and it has created 23,000 new U.S. jobs since exiting bankruptcy in 2009 -- with many more on the way.
But one question still lingers: When will GM pay taxpayers back? In this video, Fool.com contributor John Rosevear looks at the state of GM's efforts to pay back its $49.5 billion bailout -- and at how much more GM will have to do to make taxpayers whole.
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Report this Comment On May 09, 2013, at 9:19 PM, SIRIking wrote:
Answer is never! Garbage motors is still a failing automaker! Junk motors should have never been given a bailout in the first place and why give a failing relic a fusion of cash just to stay alive couple more years or longer. If anything cra* motors should have never ever shelved their EV car that was gaining traction before they killed it and my opinion is if they had stuck with EV they might not be in the situation they are in.
Report this Comment On May 10, 2013, at 9:14 AM, stormerF wrote:
Maybe when GM stops pushing the Electric car idea that no body wants,and they are losing millions on by using tax payers money to appease the Obama Administration,with subsidies to people who buy this lemon in disguise.
Report this Comment On May 10, 2013, at 10:56 AM, TMFMarlowe wrote:
@stormerF: The Chevy Volt is not even a drop in GM's global revenue bucket. It is insignificant in the grand scheme of GM as an investment. (Also, in and of itself it's actually a pretty good car. Ask any owner, they'll talk your ear off.)
John Rosevear
Report this Comment On May 10, 2013, at 8:42 PM, hagar2935 wrote:
NEVER! Government/UNUIN Motors will always struggle as it flees overseas to China with our money.
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