General Motors (GM) Bankruptcy and Ramifications

More bad news for General Motors now as it has been revealed that the company are now closer than ever to being declared bankrupt. The news comes after GM failed to reach a positive conclusion with bondholders.

If the bankruptcy does go ahead though, it’s unclear as to what the ramifications may prove to be. A video report we have found here, explains some of this in more detail.

As seen in the video, one dealer believes that whether GM are declared bankrupt or not, it shouldn’t affect them too much. The only fear amongst some dealers is that the move could affect some payments along the way.

Watch the video in the link above and let us know what you think.