28.5.09

GM

....two weeks after my gm notes...they're bust...bankrupt...and as well as with Chrysler,General Motors will be in a chapter 11 situation.
Once more, Ford will be the only American Automobile manufactures in the USA, Ford once produced 55% of all cars made in the USA. That was in the model T days.
According to the news reports it looks like GM's Pontiac and Saturn operations may be shut down completely and the Chevrolet operations will be the only operating part of the once mighty General Motors.
Chrysler, after Chapter 11 may sell it's remnants to Fiat... and wherever that's going nobody knows.

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