posted on Jul, 6 2009 @ 02:38 PM
GM, Chrysler's sales suffer after
"Government Motors" is driving Americans away.
There is a groundswell of disdain for the federal bailouts of General Motors and Chrysler, even as polls show that a growing "Buy American"
sentiment is boosting sales for the only Detroit automaker that avoided bankruptcy and federal rescue - Ford.
GM and Chrysler say some buyers are coming back to support them, even trading in their Mercedes for Chevrolets.
But it is bailout opponents who are the most visible - and audible.
Well, there you have it. The government takeover of GM is already driving away potential customers.
So the question is how much more money are we going to end up pumping into GM to keep it afloat. Another thought is, are we going to see legislation
that will prevent other car manufacturers competing with GM because the takeover is showing the first signs of failure?