GM is burning through cash to the tune of $4 to $5 billion per month.
At that rate, even if they were to snag the entire $25 billion from Uncle Sam, the company could remain solvent only through Q1 2009.
Does any reputable economist think the economy will be markedly better by April? Unlikely.
So it begs the question: Rather than treat the American public to another horror story, why don't you help show us how you plan to build better cars? Cars that can compete with their German and Japanese counterparts?
Monday, November 24, 2008
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