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Posted October 1 2008 12:25 PM by TT Editors 
Filed under: Auto Shows, Chevrolet

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1. Many people, including President barrack Obama, believe that GM and Chrysler are headed for bankruptcy. It can be true, GM and Chrysler has been losing money for years now, they even ask for cash advances from the government last November, along with a request for open lines of credit from Ford. GM Stock has recently taken a huge tumble on the market, after President Obama asked CEO Rick Wagoner to step down from his post as the head of GM and all subsidiaries, which he promptly complied with. Some experts have advocated that both GM and Chrysler declare bankruptcy and merge, with both discarding all brands that aren't competitive. Regardless, it appears dark days are still ahead for "GM Stock Tanks After Short-Term Bailout Announced"

Elizabeth_W    - Posted April 1 2009 12:34 AM

 

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