CNBC Presents "Saving General Motors" - CNBC News Releases - CNBC.com It'll be aired August 6th. Although CNBC has traditionally done some pretty good documentaries on business, I wonder how this will be or if it'll be a PR fluff piece on GM.
They may mention a degree of proposed generosity with taxpayers' money: Automakers could access loans to modernize plants - International Herald Tribune It is indeed the case that Buicks remain popular with the mid-level business class in China. The uppers appear to prefer BMW and Mercedes.
Modernize plants. Aren't businesses supposed to be responsible for modernizing their own plants and staying competitive on their own dime. Isn't that what "profits" are supposed to be used for? I don't see why I should pay for GM to modernize their plants. Or bail them out because they've made consistently bad business decisions.
