10 Votes

Boost it!

GM creates backup plan in case federal aid is not received

tryme submitted on 11/25/2008 Official Bell & Ross Timestamp: 9:53:51 PM

10 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

Everybody knows the existing financial dilemmas of GM, with the Big 3 acknowledging lately that they will be out of funds early in 2009 if the federal government will not step in and help them.



In spite of the gravity of the situation, and the polls showing that majority of the people are in favor of a government bailout of the automotive industry, a strong and gloomy possibility lingers of a rejection of these appeal for loans, in which case GM must put in motion a secondary plan to avoid bankruptcy prior to President-elect Obama’s sitting as President of the US.

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GM creates backup plan in case federal aid is not received

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tryme

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User Comments

ThierryHenry14

um... yes, that would be a smart idea... only if they thought about it several years ago...

— ThierryHenry14 (View Profile)

Posted on 11/25/2008 10:43:19 PM | reply to this comment | Votes: 3   

weaponX

What's the backup plan?

Fly commercial next time they pass the begging bowl in Washington.

— weaponX (View Profile)

Posted on 11/25/2008 11:49:49 PM | reply to this comment | Votes: 5   

sold2early

Sailor, you're being far too logical.

— sold2early (View Profile)

Posted on 11/26/2008 8:46:41 AM | reply to this comment | Votes: 5   

0to60

I think they should just go with their backup plan and stop with the begging... whatever that backup plan may be.

— 0to60 (View Profile)

Posted on 11/26/2008 8:53:04 AM | reply to this comment | Votes: 4   

americanmuscle

How about the big shots work for free, instead of being extremely over paid and extremely under worked!!!

— americanmuscle (View Profile)

Posted on 11/27/2008 1:00:04 AM | reply to this comment | Votes: 1   

TheDepressingTruth

GM's BackUp plan...

1. Sit Down
2. Place Their Heads Between Their Knees
3. Kiss Their Corporate Butt GOOD BY!

— TheDepressingTruth (View Profile)

Posted on 11/27/2008 2:21:47 AM | reply to this comment | Votes: 1   

MBZFAN

GM should threaten to move ALL of their manufacturing to either Canada or Mexico.

— MBZFAN (View Profile)

Posted on 11/27/2008 2:05:13 PM | reply to this comment | Votes: 1   

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