Saturday, Dec 13, 2008
House of cars is coming down just like the housing market
U.S.News.com: Auto Bailout Fails, GM Hires Bankruptcy Lawyers
General Motors Corp. has hired bankruptcy counsel and restructuring advisers." Chrysler took a similar step last week
Posted by v stor @ 09:15 AM (303 views) Add Comment
2 Comments
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1. paul said...
You might notice that none of the Japanese carmakers have threatened bankruptcy or gone to their government (or anyone else's government) to ask for handouts.
2. alan said...
Dubya's personal advisor says the cash should come from TARP funds. $20bn is unallocated.
All the "big 3" car companies announced cuts in staffing last week. (.... this includes the one I work for).