Quote:
Originally Posted by rlg3
Several media reports are reporting the the Federal Government is not going to offer a bailout plan for GM like it did for AIG, and several wall street firms.
If they the government doesn't bailout out GM what is GM's future?
|
I may be wrong but aren't you referring to this...
-------------------------------------------------------------------------------------
GM, Chrysler Merger on Hold as Aid Hopes Fade
Topics:Labor Unions | Mergers & Acquisitions | Transportation | Automobile Industry
Sectors:Automobiles and Parts
Companies:General Motors CorpReuters | 31 Oct 2008 | 12:24 AM ET
A deal to merge General Motors and Chrysler has hit an impasse after the Bush administration ruled out funding for it, putting any merger on hold until after the U.S. presidential election, three people with direct knowledge of the talks said on Thursday.
CNBC.com
--------------------------------------------------------------------------------
Gm doen't need help... yet.