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What Does the Next GM Bankruptcy Look Like

MichiganWife85 Wrote: Aug 08, 2012 10:26 AM
I'm with you Kevin348. I think it's a matter of principle. I will never buy GM/Chrysler b/c of the bailout (also read Malkin's latest article on the scandal therein), and will never buy Ford because he was an active anti-Semite. Besides, no one...and I mean NO ONE can argue that foreign cars are better made all across the board. Read epinions and consumer reports. My grandpa worked for Ford for over 30 years and drove a Toyota the whole time. He got ridiculed for it (nice company, huh?) but he refused to stand down. He still drives foreign. Also, if I'm going to spend more than $10,000 of my money I'm going to buy the best....and foreign cars are simply better, hands down :p

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...

Related Tags: Bankruptcy GM