Government Motors
Tuesday, June 2nd, 2009

General Motors has finally filed for bankruptcy yesterday. They’re looking at getting out of it in 60-90 days, which is unrealistic in my book seeing as how GM is a much more complicated case compared to Chrysler. So the years of shoddy workmanship and their refusal to listen to the needs of the market has finally caught up with them. They say that GM will come out of this as a leaner and more efficient company. But if they still somehow cling to the same ideals they have in the past, then I think we can expect them to stay unprofitable for a significant number of years to come.
One minor good thing that comes out of this though is that you can get GM halo cars such as the Corvette for a very low price nowadays. If only I had the money…
