Lutz and Cowger gone, GM = CRAP?

[12secondv6]

http://www.usatoday.com/money/autos/2005-04-04-gm-northamerica_x.htm

Here is a portion:

GM has said it expected to lose $850 million in the first quarter. Market share has fallen steadily for two decades, now standing at 27% for the first three months of the year. Sales are down 5% for the first quarter compared with a year earlier, Autodata reported Friday. GM's bonds are a notch away from "junk" status.

Maybe.... GM = JUNK then?

For you Al :wink:

[BigAls87Z28]

Ugh...yeah, old news. They have problems right now, but have been holding at #1 despite problems.
New product is up, and old product sales are down. People that are used to paying 14k for a Grand Am now have to pay 22k for a G6.

As for GM's bonds going Junk...well that would spell trouble for MANY around the world. There are companies that invest into GM for 401(k) and if there bonds go to Junk status...well then we will all feel it.

[12secondv6]

:wink: Hee hee.... as soon as I came across it..... I couldn't ressit....sorry

That's what happens when you are stuck in bed at home all day...... damn knee!!! It was probably made by GM :lol: