GM stops political contributions
GM donated to both Democrats and Republicans in 2008, with 51% going to the donkeys and 49% going to the elephants. The goal of the donations is to concentrate the influence of its large employee base, but by splitting the money in half, it looks like GM is buttering both sides of the bread. Ford and Chrysler also donated an identical 51/49 amount. With Detroit automakers working closely with Washington lawmakers on government loans, we wouldn't be surprised if Chrysler and Ford soon follows GM's lead. After all, getting votes while also giving money just doesn't look very good.
[Source: Detroit News]
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