Will General Motors survive their economic woes? If GM goes bankrupt, what does it mean for America?

Question

Checking their recent 10-Q filing with the SEC, they are loosing about $5 billion per year. As Americans continue to prefer cheap Japanese cars, is GM's fiscal trend likely to continue?

Answer 1

GM's demise has been predicted since John Delorean wrote a book called "ON A CLEAR DAY YOU CAN SEE GENERAL MOTORS." It is likely as in all industries in this country, and a large chunk of our real estate as well, will be dominated by foreign investors and manufacturers, except for Mitsubishi, which likely will not make it. Most Japanese cars cover the entire spectrum from entry level to high performance and ultimate luxury. In other words, they are not necessarily "cheap" as a whole and JD Powers ratings and Consumers Reports rate them highest in almost all classes. GM may have to re-engineer its operations in order to garner profitability. Until it develops a strategic turnaround that literally is where the rubber meets the road, its fiscal trend will continue. Its head is in the sand.

Answer 2

it mean that they were thinking about high class when they should have been thinking about the real people who spend money and there conserns mileage safty goodlooks long lasting ETC istead there not thinking he who gives cheapest price good mileage good coverage etc wins .get off that white horse and ride the subway then draw acar thats gonna fit the majority not the minority.