There are people who can still buy gas for under $2 a gallon- they’ve got it coming out of the ground. The solution for GM is to start exporting all the Hummers, TrailBlazers and Escalades to sell in UAE and Saudi Arabia. With the weak dollar, cheap gas and empty tankers going back every day- we just need to figure out how to fit the trucks in the tankers….
Instead- we’ve got local officials spending their time, on our dollar, trying to tell GM how to run their business:
The General Motors Corp.’s Moraine plant took another step towards the end of the line Monday, when officials announced that they will eliminate the second shift starting Sept. 29.
The decision will cut about 1,000 hourly, salaried and temporary employees from the payroll, said Jessica Peck, a plant spokesman, leaving about 1,400 workers left.
Montgomery County Commissioner Judy Dodge, co-chair of the GM Task Force, said the cuts are a surprise and officials did not expect the ax to fall this quickly after GM (NYSE:GM) announced in June the Moraine plant would close in 2010.
“Not this soon, we had heard from the rumor mill it would be the first of the year,” she said. “Was it quicker than we would have liked? Heck yes.”
If we hadn’t provided so much corporate welfare to GM over the years with tax breaks, TIFF’s and other ways to funnel our tax dollars back to the biggest companies- maybe GM would have had to be more competitive.
In the mean time- how much is it to open a Hummer franchise in Abu Dabi?