Is GM going to get the loan they are seeking?

  • Thread starter Thread starter MsJoeMainSt
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MsJoeMainSt

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Does anyone have a good idea on whether the big 3 (GM, Ford, Chrysler) are gong to get the "bailouts," or loans, they are seeking?

I read today that they will be carpooling to Washington. I think they are trying to shed the image that was so heavily criticized - expensive individual corporate jet rides.
 
First of all GM is larger than Ford, It has been for decades.
The big 3 contribute for 4% of the U.S. GDP so political leaders are taking that into consideration.

They took seperate jets.....because they're seperate companies.
However they did sell a few executive jets after the media blew that story up.

As for bankruptcy, Chapter 7 is restructure and Chapter 11 is a sell off, the company no longer exists.

Oh and the amount of employees GM has is the population of Buffalo, NY.
 
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