Quote:
Originally Posted by BC-Axeman
I just think the bailout money is not going to get GM out of trouble. I think they may have to break the company up. Maybe Corvette will become it's own company. GM has taken more bailout money than the company is even worth. How will they ever pay it back? I won't knowingly do business with any company that has received bailout.
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You do realize that before GM could get any of that money they had to issue a plan to restructure thier company? and if they dont repay the loans, the government issues a levy and gets it, but after 20 years. Chrysler did it in the 80s
They are dropping lines, Pontiac is a specialty line just the G8, G6, Vibe, and Solstice.
Saturn is likely to either be sold or rebranded opel.
Saab is gone
The Management and Execs are all only making 1 dollar this year. They sold thier fleet of jets(something AIG has yet to do...) They are shutting down plants and consolidating.