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With $33.6 Billion Cash, If GM Can’t Tell the Truth They Can Give Us Our Money Back

scott s. Wrote: Sep 17, 2012 4:52 PM
True that salaried employees were screwed compared to UAW (same with Delphi's other unions not extended sweetheart deals) but the reality is that having pensions terminated in bankruptcy and turned over the PBGC happens all the time. Just ask any airline pilot.

Over the weekend General Motors fought back against critics who have been all over the company after published reports say that the government-subsidized car company is spending as much as $90,000 to produce the “breakthrough” electric car, the Chevy Volt. The Volt retails for only $40,000.

Although the company refused to release figures regarding Volt production costs, UPI quotes the company as saying that critics have "allocated product development costs across the number of Volts sold instead of allocating across the lifetime of the program, which is how business operates."

The UPI whines that the Volt has become a...

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