Oct. 27 (Bloomberg) -- General Motors Corp., the largest U.S. automaker, has asked the Treasury Department for financial aid to help complete a merger with Cerberus Capital Management LP's Chrysler LLC, two people with knowledge of the matter said.
$10 bln worth at last count.
Didn't we just hand the U.S. majors $25 bln last month so they "could modernize in order to be competitive"? Fuck them. Sorry you decent, hard working folks who work for GM, I feel for you, but enough is enough. GM and the other major U.S. auto houses have made one bad business decision after another since 1978 and I'm tired of bailing them out.
The reason they can't compete is because they refused to learn from the Japanese and Europeans, even when the writing's been on the wall for the last 25 years, longer for the more perceptive.
Fuck them. Let 'em drown.
Off to work on their crap ...