Definition of Bankruptcy: General Motors is Bankrupt, Chrysler is Bankrupt. www.canadian-money-advisor.ca By definition, General Motors is bankrupt. They’re insolvent, they can’t pay their bills and nobody wants to lend money to them. That’s the definition of bankrupt in my opinion. www.freep.com After General Motors was given a deadline to come up with a plan to become profitable again, they didn’t. Their plan is to ask to borrow more money from the federal government. The manufacturer and retailer is here to serve the consumer not the other way around. If General Motors can’t become profitable and pay their debts, let them go bankrupt!!
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the only sticking point in this whole mess is that the rest of the automakers are not prepared with moving their tooling to other parts plants and other suppliers. ford, toyota, and honda have gone to bat for the the other two only because they are fearful of suppliers going bankrupt causing an interruption in the supply chain. other than that they would be well prepared to absorb market share. once obama gets his meat hooks into the design aspect its all over.
Man, GM-Chrysler is bankkrupt!
I never thought I’d see the day where such a huge iconic car company would have to face that kind of extreme decision!!!
Will GM go bankrupt, never come back and leave the Asians and Europeans to battle for market share for the rest of time?
i hope gm makes it but i hope crysler goes bankrupt im tired of their unreliable death traps
How can you tell if General Motors is profitable in Canada?
GM is Better here in Canada
not Bankrupt at all
Hi, Im having doubts about buying anything new now. I just looked at all kinds of new models from different brands and quite frankly,,,..I think they’re all REALLY UGLY …lol! Oh well, Im going to keep my old beast because it still runs fairly good and its not rusty either! =)
oh my bad i over looked the “no”. lol i was gonna say nissan makes the best fuggin cars in the world next to toyota theres no way..
read again… there has been NO talk of nissan going bankrupt
Nissan may being going bankrupt?? This is the first time ive of this…u sure about that? theyre a lot more profitable then the big shit 3..
I get a sense that the part manufacturers will still provide parts.. but… for how long.?
These are the questions we don’t know, because this has never happened in the recent history of the industry. (Many car companies have gone bankrupt in the past, but not to this extent)