GM
 

More bad news...

General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash...
http://www.comcast.net/articles/fina...USINESS-US-GM/

Survival of the fittest. To survive is to endure and prosper, if you can't tough luck you screwed up somewhere.

They should have gone into bankruptcy a long time ago. There is no news here.

That reminds me, I haven't seen tw posting in a long time. I hope he's ok.

he posted recently didn't he?

Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

There is supposedly some high speed rail tracks in the new stimulus or budget or something.

Sell off the pieces that are profitable and let the rest go.
Look what we've done to Ford. A company that probably could have taken the bailout money, and didn't. We kept a competitor (or 2) in the market that shouldn't have been there. Seems rather unfair to me.

Last Activity: 03-03-2009

Dear GM:

Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet.

Yours truly,
TGRRnotbuyingyourshittycars.

Amen - oops too late.

If I'm GM, I kill everything off but Chevy and Cadillac, because those are the two brands that will almost always make money for GM. The job losses will be awful, but at this point, no one wants to buy cars. I don't see how GM can survive in its current state if people simply won't buy cars...nor should it survive in that state.

10 months in...still loving my Cobalt...still not having issues with it...and still getting 40mpg on the highway, tw. ;)

Saturn's doing well (well, last time I checked, anyway). Isn't that a GM company?

Their cars are well-liked, but I don't think they're selling worth a shit. The rumor is that they are now dead.

um...

Are these guys all fucked up on drugs? Cadillac I can see. Chevy MAYBE. Buick is a DOG, and you can't GIVE a GMC away.