General Motors Bankrupt?

July 11, 2009 :: Posted by - zzarizi :: Category - Uncategorized

Will it happen to GM as a big auto company?

GM has culled four divisions from its portfolio and down the road it plans to significantly reduce its dealer body by not renewing franchise agreements. These 1,100 dealerships, representing about 18 percent of GM’s total dealers, will have until October 2010 to sell their remaining cars. The product line up will drop from 48 to 34 nameplates in the process.

It means their money flow is not in good condition and it will mean they will bankrupt.. But I think the US gov will help GM coz they own 60.8 percent stake .. But let’s see what will happen next..

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