The mammoth taxpayer-funded bailout of General Motors at the start of President Obama’s first term was a slap in the face to the many other companies and businesses that were struggling financially. While there are those who say that it helped the auto industry survive, it also prevented the overextended GM corporation from declaring bankruptcy and restructuring to shed itself of unreasonable union rules and personnel and hoary labor regulations. And the U.S. corporate tax structure, highest in the developed world, ensured that continuing to do business in the U.S. would be difficult, at best.
The claim now is that GM paid the loan back and all is right again. But that is an overstatement of gigantic magnitude. The bailout was a huge giveaway to organized labor which now owns a significant portion of the company, and the coming release of the Buick Envision, a luxury crossover vehicle in summer of 2016, is sure to have many politicians and workers crying “foul” and demanding a replay.
Why Envision is a problem, page 2:
WTF is wrong with our Gov. Not writing a contract that ever benefits the American public ?
Capitalism at its finest.
WTF????
They can keep their Buicks built in China. They can sit on the lot and rot. This is what Trump wants to stop. Vote for Trump.
those without representation are always the ones left holding the bed pan
Life long Buick fan 82 yrs old..will never sit in or drive a Buick again
Vote Trump. He wants to stop this kind of thing and bring our jobs back to the US. If you don’t vote Trump, you have only to blame yourselves
Volvo is already there
Buicks built in America are already ugly junk. Imagine them from China.
Most cars today are assembled here but parts are made elsewhere . I don’t think we make a whole car here anymore.