GM Declares Bankruptcy
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GM Tries Making The Case To "Save GM" On YouTube

GM Tries Making The Case To "Save GM" On YouTube

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One of the biggest problems we've had with the request U.S. automakers have made for financial assistance from the Feds to avoid bankruptcy has been a lack of centralized message. The General's apparently trying to change that, this by heading to YouTube by way of their GMFactsandFiction Read…
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CNBC's Jim Cramer: "What's Good For GM Is Still Good For America"

CNBC's Jim Cramer: "What's Good For GM Is Still Good For America"

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The red rubber bull-biting bald man by the name of Jim Cramer had a mouthful to say about the Motor City today — making clear his belief that if Motown gets showed D.C.'s checkbook, then we've seen the lows of this financial downturn. I tend to agree. Right now, according to Cramer, the issue isn't anymore whether you… Read…
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Gm

GM Declares Bankruptcy Imminent After $4.2 Billion Third Quarter Loss

GM Declares Bankruptcy Imminent After $4.2 Billion Third Quarter Loss

Gm
GM today announced a third-quarter loss of $4.2 billion (adjusted, $2.5 billion reported) on revenues of $37 billion while spending $6.9 billion of their lifeblood-like cash on hand. Although initially we thought the big news here was a cash spend of $2.3 billion per month, compared to around $1.1 billion a month in… Read…
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