Showing posts with label GM. Show all posts
Showing posts with label GM. Show all posts

08 November 2008

Another bailout?

This story is just plain aggravating.

GM Warns on Liquidity; Talks With Chrysler May Be Off: "Despite massive restructuring efforts, General Motors (GM: 4.36, -0.44, -9.16%) warned Friday its liquidity next year will fall 'significantly short' of what’s needed to operate its business and that it needs more help from the government. GM also hinted it’s no longer pursuing merger talks with Detroit neighbor Chrysler................GM, Ford and Chrysler have already received approval for $25 billion in low interest loans from the government."

Here we go again!

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