skip to main | skip to sidebar

Thursday, April 02, 2009

Automotive giant General Motors is doing terrible. Sales were bad in 2007 when is lost 39 billion, got worse in 2008, and now in 2009 we see that it cannot avoid the B-word.

US gov plans to ease GM in Chapter 11 Bankruptcy.
The current strategy is to break the company into two pieces a good GM {Chevy & Cadillac} and sell off the rest. Already the Saab division went under. As for the rest, only time will tell.