Thursday, March 5, 2009

At long last, get rid of this money pit

GM warns it may be forced into bankruptcy

General Motors has substantial doubt about its ability to continue as a going concern if it fails to stem its losses and generate cash, and it may be forced to file for bankruptcy, the automaker said on Thursday.

Posted by mark @ 12:29 PM (742 views)
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2 thoughts on “At long last, get rid of this money pit

  • Then you reduce the price of your cars. The current price of them was based on a false economy anyway.

    If you do not sell the cars already produced the warrentees will be void as the cars will be standing and rusting.

    Will no one own up to the fact that the system is broke. Look what Rover did… Slashed the prices to clear stock.
    No bailout for them, a British company.

    Oh how the times have changed.

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  • did it take big economists to realise that the world may one day stop needing 225.000 new cars a month?

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