BK is great. I love me a Whopper. If GM was seen walking into a Burger King, I'd stand and applaud."Burning" $1B/month is not going to go away. September sales were terrible bot Octobers' will be WORST. GM is in serious straits and only BK will help them now. After that Ford and Chrysler will follow.
This is one of the most intelligent post since this doom and gloom thing went into high gear.If they did it, fatal damage would be done.
Besides, I doubt the federal government will let GM or Ford go out of business. One estimate I heard on GM is that there are 2 million jobs (both direct and indirect) related to GM alone.
Besides their problem is not product as much now as a credit crunch and a deep recession.
I think Gm will survive, Ford too (the Ford family has no intention of being wiped out).
Chyrsler I don't know about. They really need a merger with someone who does not have the same products. (The Gm one is beyond stupid).
2) GM did better than all the other automakers for September. Yes, sales were down, but everyone else did much worse than GM.
All I can really chime in with is that even without a bankrupcy filing, the current situation is ALREADY hurting folks in those "2 million jobs (both direct and indirect)". My father works at a plant that produces exhaust system components, and the last time I spoke with my mother she said that the factory is letting go all it's temps and cutting back work to 3 day workweeks. He's very worried about a layoff soon. If people aren't buying cars, everyone suffers.
I never asked, but I wonder if the plant makes products for domestics only, or for all the companies? It'd make an interesting topic of discussion for those that argue that buying a US built Camry is as good as buying a US built Malibu..