Looks like GM is thinking about some serious cuts to try and get that bailout money. They went through 6.9 billion dollars last quarter; so with a 25 billion dollar bailout they should be back in line with their hands out in about a year! What a waste of money. Only time will tell.


http://www.bloomberg.com/apps/news?p...efer=worldwide
Declines across GM’s brands are adding to losses of almost $73 billion since the end of 2004. After burning through $6.9 billion in cash last quarter, GM said Nov. 7 that it had $16.2 billion as of Sept. 30. GM has said a bankruptcy filing would be a “disaster.”

 

Saw that article too, they need to drop some of those, they have way too many brands to keep up with and manage.

 

I worked for GM this past summer as an dimensional performance engineering intern. There was alot of talk about this then as well. My project even got cancelled halfway through the summer and it was a Saturn. I believe they are in even worse shape then we are hearing about, if that is even possible.

jrbhc8

 

Going back to basics...

 

There goes another half Million American Jobs...

You gotta do, what ya gotta do I guess. Hopefully it won't be 3 Million..

Pucker up boy's, the Recession's Here!

 

There's going to be plenty of infrastructure work in this country for those who will really need jobs. It'll be hard work, so hopefully they can step it up.

 

ive been saying this for weeks. cut the fat!!!!

i dont understand why they have gmc around either. i mean i love the denali but there all just rebadged chevrolets.

 

People pay more money for those

I'd much rather have a GMC than chevy

 

Have chevy build cars, gmc the trucks. Chevy trucks look horrible, always have compared to the gmc.

 

There is no difference between the current GMC and Chevy trucks besides the emblems...

 

You're a genius!!!
Actually the front clips are very different.

 

I agree! My dad has a GMC. The front of a new Chevy truck, looks bad compared to the GMC front! The GMC actually looks decent!......

 

In reality GM only needs Cadillac, GMC Truck, Chevy-no trucks, all the rest can take a hike!.....

 

The GMC's also have more sound deafening foam all around them.

 

does the cut mean those brands are completely gone or they just separating them into their own entities?