View Poll Results: which month will GM file for Chapter 11?
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GM bankruptcy thread
Thread Starter
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From: Milton, FL
GM bankruptcy thread
since its becoming clear and clearer that it's going to happen some time in 2009...
guess the month! then when it actually happens we can bump the thread and see if we were right or not
THIS THREAD STARTED IN THE LOUNGE AND WAS MOVED TO AUTOMOTIVE NEWS. i figured this was a lounge style thread and not something for this forum thus why it was posted in the lounge. sorry automotive news people, this thread does not belong in this forum.
guess the month! then when it actually happens we can bump the thread and see if we were right or not
THIS THREAD STARTED IN THE LOUNGE AND WAS MOVED TO AUTOMOTIVE NEWS. i figured this was a lounge style thread and not something for this forum thus why it was posted in the lounge. sorry automotive news people, this thread does not belong in this forum.
Last edited by anasazi; Oct 21, 2008 at 07:33 PM.
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Joined: Sep 1998
Posts: 4,320
From: Memphis
Is it clear that it's going to happen? I haven't been following the news but I figured after the government bail out they'd at least have enough time to see what kind of impact the Volt made on the industry.
Thread Starter
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Joined: Jul 2001
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From: Milton, FL
they're burning $1 billion a month and are down to like $12 billion cash remaining and its difficult for them to borrow money.
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From: Austin
Thread Starter
Banned
Joined: Jul 2001
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From: Milton, FL
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From: Grandville/ Grand Rapids, Michigan
I wouldn't either except that GM loses $2500 per automobile they produce due to Union (UAW) involvement in the company. They have a death grip on the company and they are slowly choking it out of existance. Per this article I read about GM's woes.
