View Single Post
Old 10-08-2008, 09:26 PM   #121 (permalink)
desmo9
6.2 Liter LS3 V8
 
desmo9's Avatar
 
Join Date: Nov 2003
Posts: 3,753
Re: $25 Billion Auto Bailout may mean some RWD projects will move forward at GM

not even close! GM's burning a billion bucks a month, and it's apt to get worse. Buying power in the market's going down by the day, and those that DO return to the domestics won't be buying the high-margin trucks. If GM gets a third of that $25 billion, that's about 8 months of operating cash. let me say that again -- this bailout loan, at current rate of cash burn, simply prolongs the Bad Day by half a year or so. asuggestion that it'll create a sort of play pool for investment in stuff like rear-drive cars, is illogical at this point in time.
desmo9 is offline   Reply With Quote
Sponsored Links
Advertisement