GM creates backup plan in case federal aid is not received

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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ThierryHenry14 - 11/25/2008 10:43:19 PM

+3 Boost

um... yes, that would be a smart idea... only if they thought about it several years ago...

weaponX - 11/25/2008 11:49:49 PM

+5 Boost

What's the backup plan?

Fly commercial next time they pass the begging bowl in Washington.

sold2early - 11/26/2008 8:46:41 AM

+5 Boost

Sailor, you're being far too logical.

0to60 - 11/26/2008 8:53:04 AM

+4 Boost

I think they should just go with their backup plan and stop with the begging... whatever that backup plan may be.

americanmuscle - 11/27/2008 1:00:04 AM

+1 Boost

How about the big shots work for free, instead of being extremely over paid and extremely under worked!!!

TheDepressingTruth - 11/27/2008 2:21:47 AM

+1 Boost

GM's BackUp plan...

1. Sit Down
2. Place Their Heads Between Their Knees
3. Kiss Their Corporate Butt GOOD BY!

MBZFAN - 11/27/2008 2:05:13 PM

+1 Boost

GM should threaten to move ALL of their manufacturing to either Canada or Mexico.