Survival Problems: General Motors (GM) and Ford Motor (F)
Filed under: Autos | By: Peter Chubb
Posted on: November 7, 2008 | 1 Comment
Friday, November 7 is when General Motors (GM) and Ford Motor Co. (F) will report their quarterly financial reports, and it will be no surprise to us that both auto giants will reports huge losses. Both GM and Ford are now going through their cash at an alarming rate, which could mean that any one of the two could file for bankruptcy protection.
Either company filing for bankruptcy would be unthinkable, as the survival of the two car giants is key to the American economy. If this were to happen, General Motors or Ford might have to take a trip to the courts, so that they can apply for bankruptcy-court protection, so that they can survive.
Auto sales figures are down across the board in the U.S. and are nearing collapse, knowing this industry and labor heads have been in talks with the federal Bank for a bailout plan, in order to survive.
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I, love American made cars and trucks. My wife loves them also. We would like to upgrade now but because of the attitude or arrogance of the American Auto Makers we have to wait.
The economy is going down while auto prices are going up and the gas prices are going up but the fuel milage is not improving. The American Auto Makers Need to help us want to buy their products. Give the Americans some of what they want.
Maybe the American Auto Makers and the U.S. Government are holding hands, knowing an oppressed nation is easier to control.