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RE: Detroit reaches dead end unless White House intervenes
Could it be that they were spending more on each car than the car was eventually sold for. You can get by on this by borrowing for a while, but sooner or later, the people lending money want there money back.

GM and Chrysler did it, the State of California does it, even the US government does it. In my home, I can't continually spend more money than I make, sooner or later that will catch up with me. I can't figure out why people think businesses and governments are some magical entities that have endless supplies of cash.
Posted by: endermc12   Posted on: 12/12/08 You are currently: a Guest | Members login | Terms of Use
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It appears to me the green movement may have killed green cars.  CobraA1 | 12/12/08
Toyota is doing well  stevey_d | 12/12/08
They were only buying time  InAction Man | 12/13/08
"Preparing to go green"??  fr0thy2 | 12/14/08
RE: Detroit reaches dead end unless White House intervenes  endermc12 | 12/12/08
Yes.  TripleII | 12/12/08
We'll see. I'd like to see the Volt arrive.  TripleII | 12/12/08
GM workers cost $69 per hour (including pensions etc)  stevey_d | 12/12/08
RE: Detroit reaches dead end unless White House intervenes  GuardianBob | 12/12/08
Well, aren't you sweet, GuardianRob...  MGP2 | 12/12/08
France is a very good country to live in  InAction Man | 12/13/08
Bankruptcy is your friend  Dorkyman | 12/12/08
Cerberus, Chryco's parent company...  Feldwebel Wolfenstool | 12/13/08
It Appears that at least Harry will have a wonderful Christmas  GuidingLight | 12/13/08
No bailout without UAW concessions  MGP2 | 12/13/08

What do you think?

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