G M May Face Bankruptcy

Ron61 · #1 (**permalink**) 03-05-2009, 06:54 AM

Take this as just another report since the Govt. seems bent on giving the Billions more. I noticed their stock was reported to be $2.05 a share. But this could just be another big push to get more money from the Govt. The first big bunch didn't seem to help much.

http://www.reuters.com/article/busin...e=businessNews

Ron

Cobrabill · #2 (**permalink**) 03-05-2009, 12:54 PM

Good......

427 S/O · #3 (**permalink**) 03-05-2009, 12:59 PM

Good 2.....

Wayne Maybury · #4 (**permalink**) 03-05-2009, 01:32 PM

GM has too many models each struggling to get a share of an ever shrinking market. It is a shame to see GM and Chrysler in this mess but bankruptcy maybe the only way out. Many people are going to get hurt.

I see that Toyota is also now having significant financial difficulties.

Wayne

SP01715 · #5 (**permalink**) 03-05-2009, 03:05 PM

Sad, I own a GM truck, a Jeep Wrangler (Chrysler product) and a Dodge truck and they are great vehicles. Lets hope they can come out of this a stronger company.

Jamo · #6 (**permalink**) 03-06-2009, 01:21 AM

Think of the folks in Somolia that we could've bought Hondas for with the money wasted down the GM toilet in the past few months.