"General Motors Corp. started firing 1,600 white-collar workers Monday, continuing its effort to slash costs and qualify for more government loans on the same day it revealed it spent $2.8 million in the first three months of this year to lobby federal lawmakers.
GM spent $2.8 million in the first quarter lobbying the U.S. government on a range of issues, including the economic stimulus package, and environmental, consumer safety and health issues.
GM's lobbying costs fell 15 percent from the $3.3 million it spent in the fourth quarter of 2008, but they rose from the $2.7 million GM spent in the third quarter.
Chrysler LLC, which got a $4 billion loan, and parent company Cerberus Capital Management LP together spent $1.1 million lobbying during the first three months of this year, according to filings. That's down about 50 percent from what the two spent during the last three months of 2008.
GM has said it will eliminate 47,000 jobs worldwide by the end of 2009, but the cuts may go even deeper as the company moves toward its deadline. CEO Fritz Henderson has said the automaker will close more factories beyond five announced in February. The factories to be closed have not yet been identified. "
I'm so tired of all this circling, GM really needs to file for bankruptcy.
They need forced reorganization & they need it NOW.
Their ads are pathetic-- put on our "rally caps"?
Forget the rally caps-- bring on the affordable electric & hybrid cars.
They still don't get it!