GM/Crysler bankruptcy

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

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  1. Aranince macrumors 65816

    Apr 18, 2007
  2. Sun Baked macrumors G5

    Sun Baked

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


    Apr 19, 2004
    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

    Oct 9, 2006
    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


    Aug 20, 2003
    sitting on your shoulder
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