Quote:
Originally Posted by fastball
And GM has shown us that they can? Yep, they sure can...... Last I checked, I wasn't filing chapter 11.
The rules have changed. No more business as usual.
Untill Fritz the Ditz is out, it will be business as usual - I have absolutely no faith in him after the stunt he pulled with Lutz over the G8.
|
First, GM filed for Chapter 11 for the same reason a good chunk of America has, the global economy and financial meltdow. GM had a plan that was well underway that did about everything the bankruptcy did. Level set wages, eliminate the health care burden, reduced dealers and brands. But you probably weren't paying attention 2 years ago. And the difference between GM and Ford? They lined up financing outside of bankruptcy. They've borrowed dollar for dollar with GM.
And Mr. Lutz being reminded in the press that there is a product plan in place and lets stick to it isn't a stunt.
Lots behind the scenes you don't get to know about.