Rocky1974 Wrote:
Aug 18, 2012 12:40 PM
What a bunch of B.S.! GM will not be going bankrupt again anytime in the foreseeable future! And no, I'm not a liberal, I'm not a Democrat, and I don't work for GM. I'm just a gear head who likes cars, follows the auto industry, and pays attention. There are two very important reasons that GM won’t be going bankrupt again anytime soon. Number one: They’re profitable. Number two: They have a very strong balance sheet. I know, the naysayers will say that they’re profitable because they got their debts wiped out in bankruptcy and the bailout is how they got a strong balance sheet. All this is true, but it still doesn’t change the fact that profitable companies with strong balance sheets don’t file for bankruptcy.