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PAULSTS1 · 10-13-2008, 10:16 AM

Unless the swap between Chrysler and GM goes through, GM will be in a fight for it's very existence. The problem is: GM waited too long to ask for help, and during the prep stage they didn't do enough to be able to promise repayment of the existing debts. GM is a money pit, it burns untold millions per day, with no fire fighters in sight!

GM is currently committed to a few niche vehicles, a danger for a company that depends on large volume to survive. Again if the Chrysler swap goes through with a proactive management team, there is a chance for GM to survive, albeit a slim one!

10-13-2008, 10:16 AM	#3 (permalink)
PAULSTS1 6.0 Liter L76 V8 Join Date: Apr 2006 Location: Belmont Hgts., CA Drives: 98 Cadillac STS 09 Avalanche/CLS (Bus) Posts: 2,412	Re: GMI Covers GM's "Crisis Mode" Unless the swap between Chrysler and GM goes through, GM will be in a fight for it's very existence. The problem is: GM waited too long to ask for help, and during the prep stage they didn't do enough to be able to promise repayment of the existing debts. GM is a money pit, it burns untold millions per day, with no fire fighters in sight! GM is currently committed to a few niche vehicles, a danger for a company that depends on large volume to survive. Again if the Chrysler swap goes through with a proactive management team, there is a chance for GM to survive, albeit a slim one! __________________ Anticipating Movie: Anything in Blu-Ray --my new Favorites Star Trek Movie 2009 and Quantum of Solace"