I heard about it on Andrew Wilkow's show. Did you think after the bailout everything would be fine? GM has continued to build cars nobody wants, continued the same relationship with the unions, has changed nothing other then to build the Volt, which NOBODY wants!http://www.forbes.com/sites/louiswoodhi ... tcy-again/
They are going to need another bailout, on our tab. The government (Obama) should have let GM go through bankruptcy like any other company. GM's share of the market in the 1960's-around 45%. Their share today? 18%
When I heard this I was driving and looked around. Practically every car and truck around me was foreign, with a few Fords and Chrysler products sprinkled in, not many GM vehicles. I think they are done.
I'm the minority now, driving an American made vehicle. People get better value and warrantees buying a Honda or Toyota, or even a Hyundai.
As for me, I'm sticking with Ford, they didn't take bailout money and they are producing decent vehicles.