11-18-2008, 05:37 PM
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#14
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Quote:
Originally Posted by SteveR
Bi~Gals, as funny as that is, j0n does have a point in there. GM is burning through 2 billion every 30 days. All a 25 billion bailout is going to do is extent their demise by 12.5 months. The only way GM is going to survive is to re-org the entire company. The question becomes, can GM trim 2 billion from its monthly expenditures? The real problem GM is facing is that with an emerging global economy, the US is getting hit by the efficiency of the European Union and the way European companies operate, whereas GM is stuck in the old US mantra of excesses and overages. If they can't adapt to a more efficient way to operate, they won't survive, 25 billion bailout or not.
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Steve......take this part to this thread: http://www.njfboa.org/forums/showthread.php?t=38721
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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