GM bankruptcy would be complex, painful »

Posted By TechnologyExpert 7 months, 1 week ago in Business & Finance

If General Motors follows Chrysler into bankruptcy court, as many are now expecting, it is likely to be far more painful for both the carmaker and the U.S. economy than its smaller rival’s bankruptcy filing of a few weeks ago.

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TechnologyExpert

I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...

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    Klarissa7 months, 1 week ago

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    They should have gone into bankruptcy last year.
    GM managers and union leaders colluded to get money from the government, instead of doing what was best, in the long run, for the employees and the stock and bod holders.

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      rumple4skin7 months, 1 week ago

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      Allowing GM to go into bankruptcy is not best for the workers. They did not design autos nobody wanted. They were not responsible for the brainwash that resulted in massive truck and SUV sales. The common auto worker had nothing to do but build unwanted cars. The factory worker built too many cars that were pushed onto too many dealerships. Yeah ... we build 'em - you dealers damn well better sell 'em.

      Is that any way to run a business. Guess it is!!

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