Tuesday, March 3, 2009
Start of a Domino Effect?
"General Motors’ European operations will run out of cash within weeks unless they get government support, the US carmaker warned today, saying that a collapse would put up to 300,000 jobs at risk". "The company is in talks with the governments of Germany, the UK, Spain, and Belgium". Vauxhall could be sacrificed - what will happen to all the unsold cars and unpaid mortgages?