Possible ramifications of GM bankruptcy

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Uploaded by on May 27, 2009

General Motors is one step closer to declaring bankruptcy. This after the auto giant failed to reach a deal with its bondholders 24 Hour News 8 looked into the ramifications facing dealers and consumers should the bankruptcy happen.

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  • GM cars are the best my first car was a nova and that was it, since then all my cars & trucks have been GM, I drive a silverado 2010 4x4 I'm planing to buy a Spark next year.

  • This video is pretty interesting, does that make me a nerd? We might be able to work together. I help people who have file bankruptcies get a cash settlement

  • It's funny how GM got bankrupt. The many rap videos couldn't help the company. Hummer ain't worth shit. The EV cars were trashed.

  • I'll tell you a ramification of GM's bankruptcy, better cars on the roads in the future

  • How many businesses have you ever run, successfully? Excessive govt regulation, environmentalists and the UAW have produced such an anti-business environment for autos, that it only makes sense to build your cars somewhere more friendly. I can't help it if the 'blue collar worker' always voted for the politicians that drove such an anti-business environment. Also, they are not blue-collar workers anymore - now they are all high-dollar welfare cases waiting for B.O. to take care of them.

  • Totally misguided and wrong. Blaming the blue collar worker and not management is just plain stupid. Who brought Hummer? Who produced then crushed the EV-1 electric car? The workers? Guess again. You don't understand any of this. The wall street inspired plan is not to own GM just move it. Move it's manufacturing offshore to China, Mexico or another third world country. It's all about profits. They're moving and the US government's gonna help fund the move. Wake up.

  • Sooo. Basically even the workers that hold these low intrest bonds dont even want stock in the "Govt. Motors"....This should tell you something.

    BUY AMERICAN, BE AMERICAN, BUY A FORD.

  • Ford is the only company that takes there lumps and deals with it. Just like the American people. SUPPORT THEM. Im going to miss the LS1,6,7's though. Theres no way in hell Ill get a Cobalt SS.

  • My thoughts are for the workers, but GM is a backwards company that makes the filthiest and most inefficient cars in the world. It is interesting when the EV1 is mentioned and the only explanation as to why GM destroyed these cars was a short term loss in profits from retooling factories and spare parts sales. One would hope this company is nationalised.

  • Fk GM...They killed the electric car...now is the time to them to go....save GM only if they bring back EV1

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