Don't forget all the unsecured creditors that were royally screwed over in the bankruptcy - except for the UAW.
Total Claims: The primary unsecured creditor group, composed largely of mutual funds, pension funds, and retail investors who held GM's unsecured bonds, was owed close to $28 billion.
Initial Recovery: In the initial bankruptcy plan, these unsecured creditors exchanged their debt for 10% of the stock in "new" GM and warrants to purchase additional equity.
Percentage Recovery: The total value of their recovery (stock and warrants) was initially valued at approximately 22% of their claims based on GM's stock price after the initial distribution. This means they lost roughly 78% of their investment, or over $21 billion in total.
They repaid the loans that the US Government lent them, but the USG lost about 11 Billon in investments that it didn't recover
https://www.reuters.com/article/us-autos-gm-treasury/u-s-government-says-it-lost-11-2-billion-on-gm-bailout-idUSBREA3T0MR20140430/
When GM ran into bankruptcy, they sat and waited for the government to bail them out, that $10 billion was never repaid to the government….
In contrast, Ford paid for its own restructuring and only ask for and
received low interest loans from DOE which were repaid with interest.
I’m afraid you have it backwards, Bara from GM and Bill Ford both Lobbied
heavily for Electric vehicle tax credits to give them a chance against Tesla.
Nothing about that was socialism, it was pure corporate greed to use
someone else’s money to pay for the all electric dream……
Not to mention if a company fucks up badly enough, it will go out of business, without any support or go through a major reorg like GM did. Having them go bankrupt at that very moment would have poured fire on unemployment and royally screwed the economy.
Personally, as long as it isn’t affecting drivability (assuming you don’t have alternate transportation), I’d just wait for the new door. Even if they can find one in the same color, they’ll probably have to end up repainting it to get a good color match, so I doubt it’d be any cheaper—the part would probably be cheaper, but there’d be more labor in the used door, seeing as how they’d have to strip in in addition to prepping it for paint, and the labor is where the real cost is.
Placed my order on 12.5.25 for a f350 platinum plus. Dealer said they were only building 4 percent of the platinum plus orders. Is this true? What are my chances of getting this built?
I don't have to, but ok....had HINTS of socialism. Also, a GM big shot said in Automotive News 10 years ago that you won't recognize the automotive landscape someday. In fact he even said there might not be a Ford or GM someday. Nobody took him seriously. That prediction is coming true slowly but surely. Ford is thinning itself out into oblivion.
Yes but..... CAFE was most certainly not a regulation that favored the automakers. It forced them to spend billions improving fuel economy and to do stupid things like give away small cars because consumers wanted larger utilities and trucks. And higher fuel taxes like Europe force buyers into smaller vehicles which is the exact opposite of a free market. It's just market manipulation in the other direction.
The chicken tax may be stupid but it didn't stop Toyota or Nissan from competing by building trucks here. Only the Tacoma was really successful and that was due in part to gm and ford exiting the segment. The US market is plenty big enough for companies to build vehicles here. The Japanese and Koreans have done it very successfully.
Personally, I check with some paintless dent repair places before replacing the door. You'd be surprised at how well they can fix some of those major looking dents. I saw a cab corner on an aluminum super duty get repaired on a YouTube video. That was easily a fist sized smack with creases on a corner no less. Came out looking new.