GM Wants Up Front Payment Of $200 Million To Keep Plant Open

General Motors may make a decision by month's end on which of three idled plants will build a new small car for the automaker, but Gov. Phil Bredesen said it will take $200 million or more for Spring Hill's factory to stay in the game — and Tennessee doesn't have that kind of cash.

This is for them all about front-end money," Bredesen said Thursday, a day after meeting privately with GM officials in Washington along with Tennessee congressional leaders. GM also has met with a congressional delegation from Michigan, and the Detroit Free Press reported that several of that state's lawmakers said they'd consider providing incentives to win GM's small car project.

 

"They don't care about tax credits and those other kinds of things," Bredesen said at an impromptu news conference. "It certainly was a new look for me at how they're approaching this thing, which is absolutely, 'Tell me how big of a check you're going to write.' "

 

 

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thstone - 6/12/2009 1:37:26 PM

+2 Boost

And GM wonders why it has a PR problem....

upwards - 6/12/2009 2:05:33 PM

0 Boost

Corker and his fellow republicans have always been an enmy to GM, the bailout and labor itself. Now they want the jobs GM has to offer, just as two faced as they come serves them right. Build the car in a state that supported GM.

sigmabody - 6/12/2009 2:03:01 PM

+1 Boost

Shouldn't the signature on the ransom note be "Government Motors"?