Quote:
Originally Posted by desmithcam3
GM will be fine if it goes Chapter 11. The people who will be hurt the most are the Common Stock Holders and anyone who has given them credit or has accounts payable by GM and the unions with reduced pay or benefits. The company will continue to operate and Camaro buyers should be OK.
|
Even after a successful bankruptcy GM still has no viable plan to turn a profit for the foreseeable future. This will only delay the inevitable by 2 years. Look for massive losses of hundreds of millions to most likely billions of dollars the next 8 quarters for GM.