Quote:
Originally Posted by Matster
 Bail out money will be gone sometime in Q2 2009 and IMHO was never intended to keep them in business but to buy some time to get houses in order for Chapter 11.
IMO, they will come out of Chapter 11 with fewer models, fewer plants, fewer dealerships and far fewer employees. It isn't pretty but it is what needs to happen in order for there to be any viable future for the North American auto industry. |
A GM chap 11 would destroy the north american auto industry.