Showing posts with label Government Motors. Show all posts
Showing posts with label Government Motors. Show all posts

Friday, May 27, 2011

Still More Epic Success

Further proof that our government bailing out GM worked beyond expectations was seen in April's sales figures. In fact, all three automakers in Detroit showed faster growth than Toyota and other Japanese brands. High gas prices helped GM which sold more of its hybrid vehicles.

In April, GM sold 18 percent more vehicles than Ford. GM's market share through four months this year is 19.6 percent, up from 18.7 percent last year while Ford's market share has fallen to 16.2 percent from 16.7 percent. Toyota's share is 14.1 percent, from 15.4 percent a year ago.

In addition to all of this good news for GM, the company has begun to hire back thousands of employees that it laid off with plans for expansion on the horizon. Check out this video.

Listen to the stories of the people in this piece. Not only does this demonstrate the remarkable comeback of GM but it shows why we did it in the first place. People's lives would've been ruined in an industry with so many interlocking mechanisms, not to mention that GM (from a PR standpoint) is the United States, that ordinary bankruptcy would've been colossally devastating. Considering that GM's GNI/Revenues rank higher than several countries in the world, bailing them out was a very smart thing to do.

And we see every day that it was an epic success.