Internet Says
 

That GM is filing for bankruptcy on Monday.

http://jalopnik.com/5272285/report-g...ptcy-on-monday

So far Jalopnik hasn't been wrong.

Fixed.

Good, let them fail. At least the government got paid back(supposedly).

Let them file and hopefully restructure in a way they can tell Obama and Congress to F themselves. Unfortunately the UAW is still getting a stake in the company :mad:

Thank you for fixing it.
Bankrupt and Bankruptcy protection are two very differnt avenues. Problem is that Americans dont know the difference, which in turn means that Americans will not bother to try process the difference, and just assume that any and all GM product are garbage and not to buy it.

I hang around Yahoo Answers for good laughs now and again and I can't tell you how many people ask "Is it safe to buy GM"? or "OMG I haz Pontiac, wat does I do"?

People are SO scared of touching GM right now, not because of their belief in their products(or lack thereof) but the fear of bankruptcy. The media is doing NOTHING to educate potential buyers that it's still safe to buy GM vehicles.

so true, things are going to get worse when they really shouldn't

from what I read today not the first billions under the bush admin. and technically not OB $ either, until the stock they get is sold - right now it is unrealized gain. if I read it right.

I thought the money they were saving in the pension deal was going to Uncle Sam to pay back the loans? I might have read it completely wrong so you might be right.

i'll read more tomorrow.

If they are still around when im done with brookdale i was planning on buying a v6 camaro...possibly. If i get a new car they have my business

BURN EM TO THE GROUND! :nod:

GM? nah, dont do that.

I think the Pontiac guys are still a little sore lol

i remember hearing somewhere on the news someone say GM is like Obama's Vietnam, there will always be a problem with it no matter what he does... seems kinda harsh...

Wow, talk about exaggerated.

You gotta be kidding me? Vietnam?
Yes, a large industural corperation that builds millions of cars a year regrouping and reforming into a new company is just like a 15 year war in a far away country, where thousands of American troops went to die in a police action that went no where.

Yep, just like Vietnam. Im sure this was Fox news, Id bet a large sum of money on it.