Which of These Car Companies Will Go Bust First?

[Bob_VT]

Originally Posted by Kal-El

How can you be so sure? Can you explain?

Right now, at least 2/3 of elected officials in Washington are against this bailout. Almost all of republicans are against it and they still have enough power to stop a bailout. It will also take Bush's signature to pass it and he is against it. GM will not even make it to Obama's inauguration in January.

We'll see this week what happens but it's going to take an unexpected miracle to get this passed in the current congress. Time is quickly running out for GM and it doesn't look good.

So again, why are you sure they'll be fine?

I just do not see them failing. Chrysler failed and was purchased. Someone will buy them up and they will still exsist.

I am NOT fond of the past business practices and the writing has been on the wall for years with all the subvented leases and lies ....... I am actually pleased it has caught up to them.

I worked for a GM dealership and they were making on average of $6000 per truck and SUV on the back end while the salesman was earing $50 yes $50 bucks per unit.

I also worked at a toyoye dealership which was a totally differant concept.

I doubt they will vanish and I like to see the upper management sweat..... it's about time.