News that the federal government is nearly $10 billion in the hole on its $49.5 billion bailout of General Motors Co. is a painful reminder of the U.S government’s takeover of the automaker several years later. Unfortunately, the outlook is not good for GM as a new consumer survey shows that lingering resentment of the bailout may be hurting sales.
The survey, sponsored by the National Legal and Policy Center, was conducted in Texas, the leading state by far for pickup truck sales. Pickups are important because they are one of the most lucrative segments of the automakers’ lines, meaning strong sales are essential to overall profitability.
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