1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Opinion of Hearings?

Discussion in 'Gen 3 Prius Main Forum' started by bwilson4web, Feb 24, 2010.

?

How well did Toyota handle the Congressional Hearing?

Poll closed Mar 10, 2010.

  1. First class, well done!

    3 vote(s)
    18.8%

  2. Good, a couple of rough spots, but turned it around

    4 vote(s)
    25.0%

  3. No change, hearings had no real impact

    3 vote(s)
    18.8%

  4. Not so good, a few good moments but a lot missed

    2 vote(s)
    12.5%

  5. Good GRIEF! I'm out of here ... what a cult!

    4 vote(s)
    25.0%
Page 2 of 2
  1. DeadPhish

    DeadPhish Senior Member

    Joined:
    Sep 10, 2005
    2,010
    353
    0
    Location:
    Outer Banks of NC.. Retired to play golf and poker
    Vehicle:
    2005 Prius
    Model:
    N/A

    We have a 60% interest in the new GM based on a $6 Billion loan ( $2Billion just repaid ) and a $46 Billion Cash investment to 'buyout' the new GM ( General Motors Co. ) from the bankruptcy estate.

    The balance of $4 Billion in loans will be repaid shortly. Then after all the bills are paid for the BK the new General Motors Co. will be spun off in an IPO. The receipts for this spinoff will pay back all or part of the $46 Billion we will still have invested there. In the best scenario we make a small profit, the goal would be to breakeven meaning that the IPO would have to generate buyers willing to pony up about $80 Billion to buy the new General Motors Co.
     
    #21 DeadPhish, Feb 25, 2010
(You must log in or sign up to post here.)
Page 2 of 2