Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’

Yesterday we asked whether the EPA (or some other regulatory agency) would have gone after GM like the EPA is going after VW, had GM done what VW is alleged to have done. We argued that it likely wouldn’t have. In the back of our minds was the recent GM ignition switch scandal which the US government didn’t seem very concerned about. Well, actually the government was concerned, but not for the public. The Obama administration didn’t want to make a big stink because GM,

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Government Motors stock price now below IPO


Who knows though. Time to buy is when no one else wants something.

Still, it is gratifying to see GM, that beast of crony capitalism, struggling with its stock price. Given the option investors are choosing to put their money, even the funny money running through markets today, elsewhere.

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John Deere (and GM) says you don’t really own any vehicles bought from them, You only have “an implied license for the life of the vehicle to operate the vehicle.”

No software in this one.

That’s right. You may have paid $100,000 or more for that new tractor, but guess what? Since the software DNA, the alleged “intellectual property” of John Deere is embedded in the thing, you actually do not OWN the vehicle. It’s still John Deere’s even if the vehicle is paid off, at least the guts of the beast.

In other words if you want to mess with the code within the tractor, and GM is arguing the same thing for its cars,

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Court Lets Government Motors Keep its Liability Shield and Screw Over Crash Victims

Government Motors is a big black hole of dysfunction. People forget that prior to the 2008 Crash people referred to GM as a healthcare company which just happened to make cars. A pension crisis loomed like nobody had seen too.

Then, poof. World goes into a depression and the union workers get their healthcare and pensions taken care of. Funny how that worked.

GM should be dead and the world would be better for it. Its bailout (along with the big banks) is a disgusting chapter in American history.

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Report cites “utter incompetence”: As Recalls Mount, Was It Worth Bailing Out the ‘Old GM’?

No it was not. There are a few union members who made out like bandits and a few more senior managers who got to keep their very generous pensions. It was worth it for the president because he was able to sway Michigan and Ohio by convincing people the auto bailout was for them. But for the rest of us, the world would be better off if GM had died in 2009.

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Something Went ‘Very Wrong’ at Government Motors CEO Says

We are just beginning to get the story on why vehicles were not recalled to GM when they should have been. That the vehicles involved might have shown the government sponsored car manufacturer in a bad light had nothing to do with the slow response of course.

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Another Government Coverup To Protect GM?

GM at this point should be GMC, Corvette, and Cadillac. These make make sense. There are customers for them and the quality of the cars is nearly that of Japanese and German autos. Cadillac particularly has made tremendous strides. It’s no Mercedes Benz or even BMW, but it has gotten consistently better over the last 10 years. The bumpers don’t fall off anymore. (Remember the Coupe Deville?)

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GM got bailout, Can’t be profitable in the USA (Surprise!) Quietly shifts many operations to China

The GM bailout was really a bailout for the United Auto Workers and their pensioners. A solid pro-Obama constituency the unions were given a colossal gift courtesy of the American taxpayer. A company which made terrible products for decades and which paid its workers much too much, got to live another day because Obama knew he needed to win the northern Midwest in 2012.

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