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Thread: GM Joins Indycar in 2012!!
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8th November 2010, 00:27 #11
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Originally Posted by anthonyvop
Beyond that, GM is on track for $2 billion in profit this year. They are on a track to pay off the federal government and are paying for their IRL program out of their profits. Also GM will have repay the federal government $10 billion by the time the IPO finishes.
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8th November 2010, 00:39 #12
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GM is planning an IPO. Does anyone know their schedule for paying back the U.S. Treasury?
Regardless, I think this is great news.
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8th November 2010, 00:55 #13
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Originally Posted by anthonyvop
Originally Posted by BDunnell
Originally Posted by anthonyvop
Originally Posted by MDSIt isn't the car Danica...it is the space between the steering wheel and the seat.
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8th November 2010, 00:59 #14
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Hey Vop, go back to crapwagon where you'll be with the rest of your pals. Make sure all you tea party guys remember who was the president when the TARP was put in place, and how the economy looked then.
Would have been much better to lose all those jobs and put all the GM employees and suppliers out of work. Maybe we could have had a worldwide depression - that would have made everyone happy!
Btw - I think it's great news that GM is looking to do this - for AOWR!
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8th November 2010, 03:19 #15Originally Posted by vintage"Every generation's memory is exactly as long as its own experience." --John Kenneth Galbraith
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8th November 2010, 03:27 #16
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Originally Posted by anthonyvop
Technically, they've paid back the federal government with stock. The federal government will get all of it's money back upon selling that stock.
Government takovers of failing buisnesses are never intended as permanent solutions; it's merely an attempt to maintain the status quo for a few years.racing-reference.info/showblog?id=1785
9 Simple Rules as Suggested by a Nerd
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8th November 2010, 03:32 #17Originally Posted by champcarray
The actual "when" of the payback depends on when the Treasury sells its stake. Just like with Citibank."Every generation's memory is exactly as long as its own experience." --John Kenneth Galbraith
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8th November 2010, 03:39 #18
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Not a fan of the government bailout...I don't think the government should be conducting business in the private sector...and I don't want to get dragged into a political debate in a racing forum. Folks can have a difference of opinion, that the way it is in the US, you can agree to disagree.
However, I look at this as a possibility of HUGELY GREAT news for this series!! There's enough bad news...bring it on! The IPO will pay my taxes back!
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8th November 2010, 03:50 #19
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This would be big positive news if it happens. Randy Bernard states in Speed that this is pure speculation. I hope it happens, but until GM confirms it, it's just IndyCar rumors.
http://auto-racing.speedtv.com/artic...return-in-2012
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8th November 2010, 05:11 #20Originally Posted by anthonyvopOriginally Posted by TURN3
Gary"If you think there's a solution, you're part of the problem." --- George Carlin :andrea: R.I.P.
What?
What's the first thing to come to...