Quote:
Originally Posted by UCF w00t
I think this is the key to the article and spot on...
The problem really isn't GM it's the market is dried up. GM would be fine right now if the market didn't all but disappear. The problem is that they weren't healthy enough to weather the onslaught. Ford got lucky and borrowed tons of money last summer. It's almost like they knew all this was coming.
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But even Ford has stated that if one of the other big 3 went under they wouldn't be able to last forever. I wonder how much longer they could last if we kept going like we are?
Pretty much just a delaying tactic, and they're hoping the storm is over before their boat springs a leak.