GM Gets To Dump Its Polluted Sites

ParticleGirl writes with this excerpt from the Detroit Free Press: "GM's unusual, government-engineered bankruptcy allowed the Detroit automaker to emerge as a new company — and to shed billions in liabilities, including claims that governments had against GM for polluting. Environmental liabilities estimated at $530 million were left with the old GM, which has only $1.2 billion to wind down. Administrative fees and other claims will soak up that money, and state and local officials told the Free Press they fear the cleanups will be shortchanged. ... The New York Attorney General's Office, seeking to protect environmental claims for cleanup at Massena and other sites, argued that federal and state regulatory requirements should not be eliminated by a bankruptcy sale. ... But [US Bankruptcy Judge Robert Gerber] ruled otherwise."

Comments

Good work Obama

[Anonymous Coward]

You sure are getting things done.

Re:Both GM and Chrysler were handle poorly

[WindBourne]

That was interesting. According to the NPR report, the average GM hourly cost was 31.35/hour while Toyota's was 27/hour (not surprising, GM's is older and more experienced). So, now we look at what the report shows as high; Health care costs. GM's is 1500 while Toyota's is 200 (both per car). So, is that REALLY, the health care costs of JUST THE UNION WORKERS?
Last year the automaker, known for its innovative approach to health care, spent $5.2 billion to cover 1.1 million retirees, employees and their families. Prescription drugs cost GM $1.9 billion, and the company projects overall medical spending will increase by $400 million this year. That could be offset by a provision in the Medicare drug benefit to pick up a portion of firms' retiree drug costs. But the figure that prompted Wagoner to raise his voice is $1,500. That is the amount of money added to the price of every single vehicle to cover health care, a cost that his foreign competitors do not bear.
The answer is NO. That is the TOTAL HEALTH CARE OF THE COMPANY (the executives, management, retires, and of course, the union workers), being divided up amongst JUST THE UNION WORKERS.

Now look. I realize that ppl like you LOVE to read and follow Faux news and almost certainly you just HATED thinking for yourself. It is hard for neo-cons to think intelligently (I love the part where you neo-cons bitch about the monster obama defict, but ignore the fact that 10 TRILLION DOLLARS of 12 TRILLION DEBT is owned by republicans). But the simply fact is, if you USE YOUR FUCKING BRAIN FOR JUST 30 SECONDS, you will realize that 1500/car did not even make sense. The average time to put together a small car at GM was 17 hours (and 19.5 at toyota for same class of car; Toyota is not as efficient). So, you were thinking that a person who put together about 2 cars / week was really paying 3000 PER WEEK for health care or 12,000 PER MONTH? SERIOUSLY? YOU REALLY HONESTLY THOUGHT THAT? COULD YOU NOT DO SOME SIMPLE FUCKING MATH? You just accepted FAUX NEWS' and rush's garbage?

When you graduate high school, then come back and start posting again, dumass (see, I can act just like you) And try to learn some manners.