[Lamplighter]

Obama said:

“It’s good to remember the fact that there were some folks who were willing to let this industry die.”

Bloomberg
Paula Dwyer
Jan 19, 2012
GM Back on Top Among the World's Automakers: The Ticker

Attention taxpayers: Pat yourself on the back.
General Motors Co., one-third of whose shares are owned by you,
sold 9,025,942 vehicles last year, up 7.6 percent from 2010.

No more excuses...

No more excuses

The accomplishment is probably enough to restore GM's place as the king of automakers.
And it's only been two years since you bailed the company out -- to the tune of $50 billion.

NY Times
By Jerry Hirsch
February 1, 2012, 5:53 a.m.

Chrysler earns first annual profit in more than a decade

Chrysler Group earned its first annual profit as an independent company since 1997,
a sign that the Detroit automaker is recovering from its bankruptcy
reorganization and the conflicting strategies of its recent owners.
<snip>
Since emerging from bankruptcy in 2009, Chrysler has spent about $4.5 billion
on its factories and facilities in the U.S. and Canada and added about 9,400 jobs
after a period of steep employment reductions.
It now employs more than 57,000 workers.
<snip>
The company also is building up its cash.
Chrysler had $9.6 billion at year-end, up from $7.3 billion from a year earlier.
In May, the reorganized Chrysler paid $9.2 billion to retire $6.7 billion in loans
and interest owed to the U.S. and Canadian governments.
The payments hurt the company's financial results.
Its net income was reduced by a $551-million loss on the extinguishing of the debt.

No more excuses...