GM Declared Bankrupcy
GM just declared bankruptcy. We are giving them another 30 billion and in turn taking 60% of the shares. 21,000 workers laid off, 14 factories closed. Obama promised that he would not put any more money towards these companies, but now decided against that (he doesn't seem to follow anything he says).
About 2600 dealerships (mainly Saturn, Saab, Hummer, and Pontiac) will be sold or closed. Our 60% stock worth about 8.8 billion will be bought for 30 billion. Canada and Ontario also are giving smaller amounts to them.
By the way, the admin approved Chrysler's merge and plan, so thats on the road!
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2007 Dodge Ram 1500 3"front/1.5" back level K&N CAI Maxxvision HID top/bottom 5% tint Line-X liner Clarion In-Dash 3" straits w/custom Y-pipe
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