GM's changes in reaction to it's announced quarterly losses
 

First item:
GM is suspending funding of all new vehicle development (broke on CNN at 2:30am).

Discuss.

well obviously this will solve all their problems

At least we got the C6, G8, and Camaro already.

Fixed :D

Even the Volt? $12 billion/year in R&D is not sustainable at this time.

well at least they have a plan....

It gonna be ugly.

That's a question I want answered. In the past couple of months, a host of GM programs (damn near everything in the pipeline) have been officially and unofficially put on hold, but the Volt program has survived. I view that one as the canary in the mineshaft.

+1 :think:

Seems like a first step on the road to declaring the "B" word.

http://www.autoblog.com/2008/11/07/c...g-delayed-yet/

Chevy Volt program is not being delayed... yet!

No bankruptcy yet.
If they can get the cash they need from the government, they can avoid BK.

If they can't, well...........................

If GM stops construction on the new $370 mln Volt/Cruze engine plant in Flint, that should send up a red flag that bankruptcy is not far behind.

But doesn't that plant qualify for part of $25B bailout already in place to develop more fuel efficent vehicles?

wow... it is really getting that ugly??