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Old 07-30-2012, 08:13 AM   #1
Kiss My SS
Account Suspended
 
Drives: 2012 Camaro 1SS/RS
Join Date: Jun 2012
Location: Naples, Florida
Posts: 481
Just saw this on Fox News-NOT Good for GM

Just saw a 5 min segment on Fox News. Says that GM's auto loans are mostly to bad credit buyers (93%) and that their stock price is now $18 per share and that GM needs to reach $53 a share in order to pay off the remaining $26 Billion that it owes the US Govt!

They say GM is risking it all AGAIN but now risking it on bad credit buyers, people with scores 660 and below and even worse of 520 and below!

If GM fails again what does that mean for us Chevrolet owners!
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