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G.M., Leaking Cash, Faces Bigger Chance of Bankruptcy

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  #1  
Old 05-08-2009, 11:50 AM
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Information G.M., Leaking Cash, Faces Bigger Chance of Bankruptcy

Analysts say the company looks less viable than it did five months ago, when the government stepped in with its bailout.



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Old 05-08-2009, 12:18 PM
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This is very sad....

20.000 jobs on the line!
 
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Old 05-09-2009, 01:11 PM
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no 20,000 have already been cut that is the sad part, that's a number to high to even fathom for most it sucks because I'm a big fan of the Duramax and it seems like the only company doing well is ford and they make the worst diesel
 
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Old 05-13-2009, 10:15 PM
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My buddy and i were speaking of this the other day,

GM has been loosing $771 Dollars a SECOND, in the last quarter

to the sum of something like 6 billion dollars
 
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Old 05-14-2009, 06:40 PM
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it sux cuz i work at a gm dealership... we should know this week if we get shut down or not
 
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Old 05-14-2009, 08:42 PM
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I work in a steel mill.....if you aint needing exhuast systems and such, e aint meltin muc steel!
 
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Old 05-15-2009, 02:02 PM
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Yeah, GM is slated to close over 45% of all of their dealerships. They just closed the Canadian truck plant yesterday, Chrysler will close 25% of their dealerships.

bobcat67 I agree with you too on that. I don't think trucks will fall off the face of the earth though. I could be wrong, but we'll see.
 




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