GM loses 4.3 Billion last quarter, states bankruptcy is imminentm if continues will not have the cash to operate after 3 months....
http://jalopnik.com/5079567/gm-decl...-declares-bankruptcy-imminent-after-42-billion-third-quarter-loss?autoplay=true
The Merger is suspended and GM is having a "yard sale"
http://jalopnik.com/5079598/gm+chrysler-merger-talks-suspended-hummer-and-ac-delco-still-for-sale
Obamas plan
http://jalopnik.com/5079818/preside...k-obama-is-detroits-personal-jesus-plans-to-help-not+so+big-three?autoplay=true
In other words, don't worry about the merger, worry about the big 3 going bankrupt, well, GM anyways, don't know on Chrysler as they have not report losses yet. A SORT OF bright spot though, Ford lost 380 million the 2nd quarter and only 129 mil this last quarter, they still lost big, but not as bad as they have been.
http://jalopnik.com/5079567/gm-decl...-declares-bankruptcy-imminent-after-42-billion-third-quarter-loss?autoplay=true
The Merger is suspended and GM is having a "yard sale"
http://jalopnik.com/5079598/gm+chrysler-merger-talks-suspended-hummer-and-ac-delco-still-for-sale
Obamas plan
http://jalopnik.com/5079818/preside...k-obama-is-detroits-personal-jesus-plans-to-help-not+so+big-three?autoplay=true
In other words, don't worry about the merger, worry about the big 3 going bankrupt, well, GM anyways, don't know on Chrysler as they have not report losses yet. A SORT OF bright spot though, Ford lost 380 million the 2nd quarter and only 129 mil this last quarter, they still lost big, but not as bad as they have been.
