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Since the US of A is the largest investor in General Motors, and has controlling interest of the company, do we have anything to worry about now that GM just got out of bankruptcy?
The local, county, state, and federal governments all buy a lot of vehicles. When was the last time you saw a police [...]

According to several sources, General Motors will be filing for Chapter 11 Bankruptcy as soon as Monday, June 1st, 2009

http://money.cnn.com/2009/05/05/news/companies/cash_for_clunkers/index.htm?postversion=2009050518
Cash for clunkers’ program gets a makeover – May. 5, 2009
WASHINGTON (CNNMoney.com) — The Obama administration has signaled its support for a congressional effort that aims to boost the troubled car industry by subsidizing new cars sales for consumers who scrap old ones.

Lots of employees at GM Dealers are looking for work as GM gets ready to close the doors on thousands of dealerships.

What does 2009 mean for the American auto industry? Ford, GM and Chrysler will emerge as much stronger companies…if they survive.

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I saw the melt down in Detroit coming years ago. I think it was 2005 that I read an article that pointed out that GM had to spend around $2000 on every vehicle sold just to pay for the pensions and benefits of retirees. GM sold a lot more cars in 2005, and they have more retirees today. Is GM selling half the vehicles today? Wouldn’t that mean that they have to calculate closer to $4000 per vehicle for those expenses?

GM stock taking an unnecessary hit? Is there anyone in America, much less the world, that doesn’t know the economy is hurting US carmakers? Yet the spin doctors at GM announce a reduction in the manufacturing of their most profitable vehicles: big SUVs.
Accordng to Bloomberg News; April 14 (Bloomberg) — General Motors Corp., the world’s [...]

A profitable quarter? Quality equal to Toyota? Ford’s turnaround plan is working.