Monday, November 17, 2008

GM Bailout


General Motors, a once great automaker, faces the possibility of bankruptcy. Forced to terminate dealers and cutback jobs to compete with its competitors Toyota and Honda, G-M's solution is to ask Congress for a bailout. The president of Bill Rapp Chevrolet in Syracuse agrees and said that it was Washington's responsibility to support the U-S auto industry. But some consumers think the money should be spent otherwise.

"If the government is willing to help anybody, it should be the healthcare providers They're the ones who need help." -Kat Coker, Chevrolet Owner

We surveyed the Waverly parking lot at Syracuse University to see how G-M fared with consumers and found that of the 82 cars parked there, 15 of the vehicles were G-M versus 13 of the vehicles that were Toyota. Even with 8 U-S brands, G-M only had a 2% greater presence than its competitor.

Chelsea Choi, NCC News

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