GM Execs Say Treasury Ownership Hurt Sales - Did It Keep You From Buying A GM Product Last Year?

GM executives contend that the $5.5 billion share purchase by year end -- and the U.S. Treasury's vow to sell its remaining 300 million shares by early 2014 -- are big steps toward transcending any "Government Motors" stigma.

It's "good for selling more cars," GM CFO Dan Ammann says. He said internal market research shows that government ownership has kept some buyers away.

GM dealers are mixed on that view.

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PUGPROUD - 12/26/2012 10:43:36 AM

+1 Boost

Lets see...maybe poor quality, unattractive styling, arrogant dealers and salespeople, senior managers out for themselves, UAW overreaching played a part in not buying GM before considering the treasury who sold out both shareholders and taxpayers. Read where top management can now fly on private jets since taking out the taxpayers at a loss...ain't that just another example of why GM doesn't get it ! They don't deserve our business.