HousingPANIC's message for overpaid and visionless GM Chairman Lutz:
You and your crappy company (and your lobbyists) are no longer needed. Real car companies with good designers and smart management build cars people want. They've been doing it for decades. You don't, and thus you should learn to compete on your own, or go away.
Thanks for playing.
GM's Lutz calls for $50 billion in government-backed loans
LONDON (MarketWatch) -- General Motors Vice Chairman Robert Lutz was quoted by The New York Times as saying automakers deserve up to $50 billion in government-backed loans to build more fuel-efficient cars.
Lutz told reporters in an event near Chicago that the American auto industry is deserving of government loan guarantees to retool plants. The automakers and the UAW are urging Congress to appropriate $3.75 billion to back $25 billion in loans authorized last year