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Will GM follow Delphi into bankruptcy?

One analyst puts chance of bankruptcy at GM at 30% after Delphi filed, but another says no.

October 10, 2005: 5:32 PM EDT

By Chris Isidore, CNN/Money senior writer

GM stock tumbles

Delphi bankruptcy filing punishes GM stock, Delphi securities as investors head for the exits. (Full story.)

More related to Delphi:

• Delphi sweetens executive pay

• Run over: Delphi may cost GM $11B

• Delphi files for bankruptcy

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NEW YORK (CNN/Money) - The chances that General Motors will file for bankruptcy are now about 30 percent, according to one industry analyst, following the bankruptcy filing by the company's former parts unit, Delphi.


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If they owe $290billion they are already BANKRUPTO in all but name.

They recently re-organised their business plan to concentrate on selling gas guzzling SUV's, which sales dropped over 60% the other month.......

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