Comments on: Report: GM Considering Chapter 11 Bankruptcy Filing

By: Bob

Bob — Wed, 18 Feb 2009 01:16:06 +0000

I hope GM burns to the ground. Let Toyota take over!
P.S. they make least realiable vehicles on the market (after chrysler, dodge and jeep)

By: Jeff M

Jeff M — Tue, 17 Feb 2009 23:57:31 +0000

Breaking News Alert
The New York Times
Tuesday, February 17, 2009 — 6:11 PM ET
—–
G.M. Increases Federal Loan Request by $12 Billion

General Motors told the federal government Tuesday that it
needs another $4.6 billion in loans within weeks and an
additional $12 billion in financial support in order to stave
off bankruptcy.

By: Mike in Colorado

Mike in Colorado — Tue, 17 Feb 2009 20:34:50 +0000

GM should do it. Just sell Chevy and Cadillac brands. Buick — gone. Pontiac — gone. Saturn — gone. GMC truck — gone. Unions — gone. A $40k Volt is too much money, unless it includes the installation of the next generation EV powerplant.

By: George

George — Tue, 17 Feb 2009 20:00:28 +0000

Greed is alive and well in America! Not only on Wall Street up home towne USA. The UAW’s greed to force GM into bankruptcy and keep thier ill-gotten gains safe on the backs of the tax payers.
Unfortunatly Obama looks like he will not let that happen and fund the UAW via GM in unprofitability mode just to keep them directly off the tax payers books. This does not look good for product quality or competitiveness or a future for GM.
Maybe some UAW members will contact thier union officials and ask them save the jobs of it’s working members and just maybe it can be a great organization again.

By: Paul-R

Paul-R — Mon, 16 Feb 2009 23:26:02 +0000

To those recommending Ch11 as the answer, wouldn’t that further destroy consumer confidence in GM, and destroy the assets of all those who have invested in GM (triggering a slew of new bankruptcies), and destroy the GM supply chain (triggering a supply chain reaction of bankrupties), and possibly collapse the entire US auto industry (including Honda and Toyota that depend on the same supply chain)?

If so, that seems like recommending suicide as a cure for cancer.

Please help me understand what I’m missing. Thanks.