Quote:
Originally Posted by xoxoxoBruce
They not only underfunded the pension plans a lot of what they did fund was invested in GM stock.
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I forgot about that one. Yes, they did that too. But I never knew how much.
Will never forget sitting in a GM lobby alongside a president of one of their part suppliers. He said sarcastically, "They will show me how I can cut my costs." GM's solution to 30 years of bad designs. Blame suppliers, unions, Japanese ...
They also played money games. Waiting 120 days to pay us. And still some believed their lies about 19 models exceeding 30 MPG. After all, they said it on TV.
Anyone who bough a GM car simply endorsed lying and creative accounting.