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Old 11-17-2008, 12:09 AM
bwilson4web's Avatar
Engineering first
 
Real Name: Bob
Location: Huntsville, AL
Hybrids: Prius Classic 03
Posts: 5,601
Default An offer they can't refuse ...

Ok, here is the deal:
  • Bailout for US car makers
  • Funded by excess profits tax on oil companies
    • discounted by purchase of US car maker stock
So what happens is the excess inventory or large vehicles are sold by Exxon, Chevron, Citco, Shell, BP, e.t.c. What a perfect irony, the buyers just pay and pay and pay.

Bob Wilson

.

After April 3, use e-mail to contact me:

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Old 11-25-2008, 06:07 PM
Active Enthusiast
 
Real Name: Ken Grubb
Location: Puyallup, WA
Hybrids: None, yet
Posts: 90
Default Re: An offer they can't refuse ...

In theory, it's a nice idea to have Big Oil bail out Detroit's Big Three. But, then they be even MORE committed to building gashogs.

.

Chevy Volt or Focus EV?

Decisions, decisions.
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