GM/Crysler bankruptcy

Discussion in 'Politics, Religion, Social Issues' started by Aranince, Mar 31, 2009.

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  1. Aranince macrumors 65816

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    California
  2. Sun Baked macrumors G5

    Sun Baked

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    May 19, 2002
    #2
    Hmm... looks like you may have to buy the civilian Hummer directly from AM General again.
     
  3. quagmire macrumors 603

    quagmire

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    Apr 19, 2004
    #3
    It will cost the taxpayers ~$50 billion or even more in an event of a Chap 11 filing of GM since it will be backed by the gov't. Now $17.4 billion doesn't seem that bad now does it?
     
  4. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #4
    that is giong to be bad. Every single GM car is going to next to nothing in value. Most people who got a car in the past 3-4 years from them will be almost instantly upside down.

    When 2 other brands where drop in the past a 2 year old car from those brand was worth less than a 5 year old car from the other brands.....

    This would be painful for the country in the terms of jobs in good economic times. In bad well a hell of a lot worse. 1.1% drop in the GDP was due to GM alone.
     
  5. Counterfit macrumors G3

    Counterfit

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    sitting on your shoulder
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