Friday, March 9, 2012

What's good for General Motors ...

... pretty much sucks for the rest of us.

“… General Motors last week bought more than $400 million in shares of PSA Peugeot Citroen - a 7 percent stake in the company.”

“An analysis by auto industry consultants IHS said it is ‘somewhat baffling that GM is willing to get involved in an alliance that it frankly does not need …’”

http://news.yahoo.com/american-auto-bailout-france-100824412--abc-news.html

(Maybe GM just doesn’t give a f and knows it can always go back to the trough and slurp up a few billion more.)

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