GM to declare bankruptcy Monday

brainsmile · 05-31-2009, 06:47 PM

http://money.cnn.com/2009/05/31/news...ooms/index.htm

Jeffbx · 06-01-2009, 06:52 AM

Quote:

Originally Posted by cnn

GM files for bankruptcy

NEW YORK (CNNMoney.com) -- General Motors filed for bankruptcy protection early Monday, a move once viewed as unthinkable but became inevitable after years of losses and market share declines that were capped by a dramatic plunge in sales in recent months.

Link

Not really surprising, and probably inevitable to restructure the company.

VTGreg · 06-01-2009, 07:09 AM

Hopefully they will emerge with a much better cost structure and can be profitable going forward. Sounds like they have already started down that path.

05-31-2009, 06:47 PM	#1
brainsmile Chief of Naval Operations Join Date: Jun 2000 Location: woah... why is welfareloser here with me so early in the morning and more importantly why am I wearing her clothes?!? Posts: 13,754	GM to declare bankruptcy Monday http://money.cnn.com/2009/05/31/news...ooms/index.htm __________________ ********************************** DCM #1 (Founder) "Nobody beats Vitus Gerulaitis 18 times in a row." - Vitus Gerulaitis on beating Jimmy Connors after 17 failed attempts.

06-01-2009, 07:09 AM	#3
VTGreg Rear Admiral Lower Half Join Date: Jun 2002 Location: Charlotte, NC Posts: 2,533	Hopefully they will emerge with a much better cost structure and can be profitable going forward. Sounds like they have already started down that path. __________________ It only ends once... Anything that happens before that is just progress. Courage is not the absence of fear but rather the judgment that something else is more important than fear.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

User Name
Password
Remember Me?