Quote:
Originally Posted by xl1200r
Kanak -
But think of this...
GM is losing appx $2.5 billion a month right now. That averages out to $30 billion a year.
2010 comes, and the healthcare stuff moves to that trust fund, and GM unloads a $50 billion a year expense. Now, overnight, they're making $1.6 billion a month without changing anything.
GM needs to make to 2010.
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Agreed, and that would take some adjustments from all sectors including the government, unions, administration, investments and dialog with all parties to get to 2010. The invariable factors would include not only what the government does but things like oil prices, job security and general state of the economy in 2009.
In regards to another previous post, I do not believe that other foreign auto companies would buy out GM or any other U.S. auto companies as a whole. They may keep certain car models and badge them under their company but they would not keep all current models that GM, Chrysler or Ford has. All the jobs that manufacture the Silverado, Caliber or Flex may very well disappear. Imagine looking at a Camaro in a BMW dealership, a Toyota Challenger or a Audi Mustang. Could become reality.