GM and the car industry (1 Viewer)

[Sonic]

ok i wasn't too sure where to put this but somebody move it if u think it shouldn't be here...
ok as u know that GENERAL MOTORS may file for bankruptcy..this would obviously have great effects on the cobnomy of america and of the world not to mention car users.. GM owns holden for u newbs out there>>

http://www.msnbc.msn.com/id/10141628/

http://www.smh.com.au/news/business/is-general-motors-going-broke/2005/11/21/1132421602426.html/

 

[loquasagacious]

Well either NCAP proper or Cars would seem a better place for this...

Personally I doubt GM will fold and if it does then I know that the effect will be minimal. Many major car companies have filed for bankruptcy before they're still around in some form. Volume/capacity issues make this inevitable.

 

[supercharged]

lol once GM goes broke, Toyota will probably take over it.