Rule change: we're playing corporate greenmail now
Canada is the first to offer a ransom. The government there will give GM money if GM will keep Canadians employed.
Canada is the first to offer a ransom. The government there will give GM money if GM will keep Canadians employed.
If you're the biggest and most successful and financially sound, the government still wants to get into your books and tell you what your business can do and hand over some of the business to your competitors. And the level of intervention is rising.
We all know the sorry saga of two-thirds of the former Detroit Big Three. GM in bankruptcy, shedding brands and trying to become competitive once again.
Insight. Courtesy Honda.General Motors just reached a point where he didn't have to ask for another government bail-out...