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.
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
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Cobra Make, Engine: SPF1715, Roush Built 434 ci Stroker, Dart Block, Ported AFR 205 Heads... 561 hp / 547 tq, Former Roush Show Car, Completed and Prepped By Olthoff Racing.
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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.
G M May Face Bankruptcy
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