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Bankruptcy by December w/o gov loans Posted by Pete [Email] In Reply to: Can Saab survive if GM doesn't?, Tri City Sam, Tue, 14 Oct 2008 18:27:20 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Well its official from GM -- not enough cash to make it past the end of the year, at best.
So unless they are successful feeding from the trough of government loans, GM will need to go chapter 11 in December or January.
Very unfortunate in so many ways, but yet so predictable.
(and Ford is not far behind, undoubtedly so is Chrysler)
posted by 67.82.57...
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