GM and Chrysler say bankruptcy not in the cards
#1
Thread Starter
TECH Fanatic
iTrader: (1)
Joined: Apr 2005
Posts: 1,894
Likes: 0
From: Fort Worth, TX
GM and Chrysler say bankruptcy not in the cards
http://www.autoblog.com/2008/07/11/g...-in-the-cards/
Despite recent rumblings to the contrary, both General Motors and Chrysler claim that they will not be going bankrupt any time soon. Still, as much as the two American automakers would love to quell fears of unsustainable liquidity, questions remain, especially as the pickup market in the United States continues to dwindle. In a note sent out to dealers, Chrysler's Jim Press and Steven Landry say that the automaker will focus its efforts on small cars for the rest of this year, though the current pickings from the automaker's stable seem a bit slim. Chrysler is surely banking on its alliances to bolster its line of small car offerings, which could help to dampen the blow of lost truck profits -- somewhat. General Motors, for its part, has invested heavily into its upcoming Delta platform vehicles, which will include a compact Chevrolet-branded car known as the Cruze as well as the Chevy Volt electric vehicle.
#5
yes, but gm( im sure ford and chrysler too) has had numerous quarters of losses in the millions going on for over a decade. i hope youre right but im convinced one of the big three as we know them will either be sold off and be broken up or just gone altogether.
#6
yes, but gm( im sure ford and chrysler too) has had numerous quarters of losses in the millions going on for over a decade. i hope youre right but im convinced one of the big three as we know them will either be sold off and be broken up or just gone altogether.