Tuesday, February 3, 2009
General Motors is investing one billion dollars in Brazil! Thank you American Taxpayers! The Latin American Herald Tribune ran the story.
Anyone notice Cadillac (GM) ws a major sponsor of the Super Bowl?
Must be nice they are doing so well.
Wait a minute~ General Motors was the biggest whiner @ the recent Big Three begging for bailout sessions.
They were hurting the most- on the brink of bankruptcy. Finally, they were able to declare themselves a bank, as they have the GMAC lending wing of the company, & got $9.2 billion bailout money.
So all that song & dance was just that- According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
As they say in Brazil: Siempre mamones!
So long suckers!
Shhhhh! Business as usual~ (GARY MYERS DAILY NEWS SPORTS WRITER) reports:
"TAMPA - Super Bowl MVP Santonio Holmes will get his brand-new Cadillac, even if financially troubled General Motors would just as soon nobody knows about it.
Holmes picked out Cadillac's most expensive model Monday as his reward for winning the MVP: the Escalade Hybrid Platinum with an $85,200 sticker price, according to Cadillac spokeswoman Joanne Krell.
This time there was no Cadillac on the field Sunday night during the awards ceremony and no Cadillac in the hotel ballroom Monday for the MVP news conference. Usually the MVP marks off on a board which car he wants. There was no board, either. It was all done in private.
There was no mention of Cadillac or of Holmes winning the car at the news conference. It was at the request of Cadillac, commissioner Roger Goodell told the Daily News Monday.
Cadillac has a multiyear contract with the NFL to sponsor the award but knows how bad it would have looked to make a big deal of it this year. This is the eighth year it has been the sponsor.
"Given the current business environment, it was much more appropriate we not do that," Krell said in a phone interview. "We made the decision not to actively participate in the Super Bowl. We congratulate the MVP, it is a great achievement. We are very sensitive to the federal assistance loan we have received and we want to carry on our fiduciary responsibility. The Super Bowl was not a place for us to be this year. That is not to say it's not a great platform."
Holmes will get his car, she said.
There went $85,200. But we should not be upset.... no one else actually had the money to buy such a vehicle.... certainly not the 200,000 people who lost their jobs, just last month.
By the way, to the folks at General Motors- when the mandate of change came with the bailout money, they did not mean to be covert about wreckless expenditures- they meant actual change.