The financial troubles of the US auto industry have been known for some time... However Todays paper made the issue a bit more real.
and I am worried.
It stated that GM and Crysler may be forced into bankruptcy to assure the US gov is payed for the $17.4 billion dollars in loans they have recieved.
if federal officials do not come to an agreement to change thier position regarding payment, they have the option to force bankruptcy upon the automakers.
it says this wld be a condition of more bail out aid.
how wld aid help them if they are bankrupt?
if this were to happen what will happen to us?
maybe the GT500 isnt looking so bad...