So, how long does GM/Chrysler have?
Sam Spade:
There is a February 17 deadline for Chrysler and GM to show progress to the Treasury in order to continue bailout funding. It's not as big as the March 31 'drop dead' date, but still...
GM to ask for more govt aid or file for bankruptcy: report
http://www.google.com/hostednews/afp/article/ALeqM5hxr4XBAzEi7zpJcRvdJlxoGPZ7vg
UAW Objects to GM, Chrysler Plan as Deadline Nears
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acmrNOSikzPs
I'd say there's about a 50-50 chance GM goes under in the next couple of days. Chrysler possibly too.
Otherwise, we keep throwing money at it.
2952-0-0:
They break themselves into a "bad company" and a "good company" and then proclaim they have rid themselves of problems?
Southern Senator North Carolina Yankee:
I have a feeling both companies will be Bankrupt by spring. But bankruptcy =/ death. 75% of companies who go bankrupt survive. Of course I son't expect Obama to let GM or Chrysler be shutter. Either before or after they file for bankruptcy Obama will probably through a few billion at the companies to keep them in business and guarrentee they survive. Or he justs nationalises them.
Sam Spade:
Quote from: North Carolina Yankee on February 15, 2009, 04:31:04 PM
I have a feeling both companies will be Bankrupt by spring. But bankruptcy =/ death. 75% of companies who go bankrupt survive. Of course I son't expect Obama to let GM or Chrysler be shutter. Either before or after they file for bankruptcy Obama will probably through a few billion at the companies to keep them in business and guarrentee they survive. Or he justs nationalises them.
I don't think the figure is 75%. Less.
But whatever, they stand a chance of surviving if they go into bankruptcy. They stand 0% chance of surviving if the government nationalizes them.
dead0man:
They both need to start selling assets that are not related to making cars.
Navigation
[0] Message Index
[#] Next page