Quote:
Originally Posted by Dave_O
Hopefully by March GM will be back making money and not need any more from the gov't....I just hope they vote yes on this... Do you know when the vote is suppose to take place?
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Could happen, but I doubt it. But the forecast is that it will take 2 years for them to get back in black. The basic idea is to pass the burden onto the Obama administration.
Quote:
Originally Posted by dayvedayve
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It isn't even exclusive to the US. Toyota's Japanese sales are down 27%. Their profit estimate has gone from $20B to $5B. Unfortunately, the problem for GM is that their profit has droped from an estimated 1B to -$25B (thats a guess on my part)