Everybody knows the existing financial dilemmas of GM, with the Big 3 acknowledging lately that they will be out of funds early in 2009 if the federal government will not step in and help them.
In spite of the gravity of the situation, and the polls showing that majority of the people are in favor of a government bailout of the automotive industry, a strong and gloomy possibility lingers of a rejection of these appeal for loans, in which case GM must put in motion a secondary plan to avoid bankruptcy prior to President-elect Obama’s sitting as President of the US.
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