The Cheese Stands Alone

[MrHanky]

Looks like GM is gonna win shorty's race to zero....

 

 

Feds declare GM, Chrysler not viable, refuses more aid

 

WASHINGTON — President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.

 

The government sought the departure of GM chief Rick Wagoner and said the company needed to be widely restructured if it had any hope of survival. It said it would provide the company with 60 days operating capital to give it time to undertake reforms.

 

 

http://www.newsobserver.com/1573/story/1463559.html

[shorty]

Looks like GM is gonna win shorty's race to zero....

 

 

Feds declare GM, Chrysler not viable, refuses more aid

 

WASHINGTON — President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.

 

The government sought the departure of GM chief Rick Wagoner and said the company needed to be widely restructured if it had any hope of survival. It said it would provide the company with 60 days operating capital to give it time to undertake reforms.

 

 

http://www.newsobserver.com/1573/story/1463559.html

well that would be good for about 50 Dow pernts, not a big deal, the thang's almost at zero now anyway, not much downside

 

Toyotas and Hondas are OK, who needs GM and Chrysler? Ford can make trucks.

 

Time ta move on.

[Jimbo]

TIME TO MOVE ON

 

As shorty says "Time ta move on". Once great companies rarely make comebacks.

 

GM has been dying for the last 54 years - since 1954 - when it had 50% of the US motor vehicle market.

 

If you want to see where a company is going just look at the ten year chart.