CNN announces GM and Ford Motor company are at risk off going out of business!

[Vicariously]

I found this out this morning and could not believe it. I didnt know if it had become wide spread yet. But OMG!!!! First Wachovia now this...and they are asking for another bailout 🙁

http://http://money.cnn.com/2008/11/07/news/companies/gm/index.htm?postversion=2008110711

 

[Blondie Bear]

Yup. Everything's connected. People lost money with the housing/credit thing, so now they're not buying cars, so now car companies are going out of business, so now people will have LESS money. . . . We're caught in the nasty Recession/Depression cycle. Woohoo!

 

[Tueuse de Vampires]

Can't open the link 🙁
GM is general motors?

 

[Edmund Blackadder]

Oh lord.

I can hear the cogs in Michael Moores head whirring now.

'Ohh I can do a new Documentary and have one final swipe at George W Bush at the same time. Ohh, I hope Obama sees it so I can lick his ass clean and do his bidding.'

 

[ckg927]

This is what you get when you overserve one section of the market,while totally neglecting others. In other words,too many big trucks and SUVs...while not enough giving potential buyers a wider diversity of vehicles to choose from. Not to mention way too many vehicle designs that simply don't inspire the public.