GM Fixing Damages

Posted on January 3, 2011

When General Motors went bankrupt, not only were direct employees affected. As the car giant slowly pays back the government for the major bailout , GM is also making sure to fix ties abruptly severed during the fallout.

An article on freep.com shared that General Motors has reconnected with Stillwater Mining Company, who supplied GM with, “…precious metals for emission-reducing catalytic converters.” This relationship lasted ten years before GM took their business to foreign soil for cheaper prices.

Stillwater owns the only mines in the United States that produce platinum and palladium. Many were miffed when GM made other business plans, including Montana Senator Jon Tester. He commented on GM’s return to Stillwater, “It just makes sense for GM to get back in the business from American companies because American taxpayers saved GM.”

This is just icing on the cake for Stillwater, who had a rough stretch as metal prices fell to extreme low during the recession. As times get better, metal prices return to where they were.

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