Does that mean the end for GM?

  • Thread starter Thread starter Ivan B
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Ivan B

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don't worry the US gov't will bail them out and we'll pay for it. then they'll squander the money like the financial ind did.
 
Look at the financial losses in this figure:
http://en.wikipedia.org/wiki/General_motors/
does that mean the end of general motors?
 
It isn't just GM that is in trouble, Ford and Chrysler are also circling the drain. These are companies that have been mismanaged for at least the last 30 years. There is still a huge market for cars in the US but there may only be room for one carmaker. Also, any and all of the US carmakers that survive are going to have to make some serious changes in they way they run themselves if they expect to survive.
 
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