Friday, January 13, 2006

Will GM Be Bankrupt By 2009?

I just heard an extremely fascinating interview from WABC New York about General Motors. According to the journalist being interviewed, it's almost a mathematical certainty that the once indestructable American auto giant will be bankrupt within 3 years. They're apparently suffering a burn rate (loss) of $24 Million per day and there's seemingly nothing to stop it. Here's another article on the same subject.

The world is 'a changin'!

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