Ford Inside News banner

April 1: GM bankruptcy. The day after....

2708 Views 6 Replies 7 Participants Last post by  theoldwizard1
April 1 is the date that i read somewhere that is the day most probably GM will be to bankruptcy, if USA gov. dont give them more money.

After April 1, what will happen? GM will disolve and dissapear? GM will disolved and a new company will born??... What after de GM bankruptcy???
Really ,the entire USA car industry will collapse if GM fail? Why?? If GM is out of market, the market share of GM will be taken by the others automakers....
or not??
1 - 7 of 7 Posts
And I think alot will be taken by Ford...but still I hope this is an April fools joke.



I too really hope this is an April Fools joke.

I seriously hope GM doesn't have to file for bankruptcy. I personally wish GM the best of luck & I want them to be successful.
Before the US government give GM any more money they should replace the current GM's management and shut down some GM's brands .
Before the US government give GM any more money they should replace the current GM's management and shut down some GM's brands .
100% correct
think I read about some deadline for GM that's the end of March or 1st of April
but haven't been able to re-find it
Before the US government give GM any more money they should replace the current GM's management and shut down some GM's brands .
imho what the government needs to do is LEVEL THE PLAYING FIELD
something a bankruptcy judge is NOT able to do
Before the US government give GM any more money they should replace the current GM's management and shut down some GM's brands .
That will not happen unless GM goes Chapter 11. Of course then the current UAW contract is in the toilet and dealers better start unloading their inventory becuase 2/3 of them will cease to exist.
1 - 7 of 7 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top