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What Does the Next GM Bankruptcy Look Like

luther99 Wrote: Aug 08, 2012 8:49 AM
Come on Obama, the GM's unions need more money to pay for their pensions--they can't take their money they are giving to the Democratic Party to pay pensions !!

It’s not too early to start thinking about how the next great crisis in the auto industry will shake up the world.

With the general economic slow down worldwide, declining auto sales and uncertainty surrounding the future direction of the automotive market, another automaker meltdown isn’t out of the question.

And because the high profile federally-financed bailout for GM has generally gotten poor reviews from politicians, voters and Wall Street, General Motors is a good place to start to look at what the next automotive bankruptcy could entail.

Already there is at least one suit pending that threatens to undo the work...

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