Quote:
Originally Posted by NeilBlanchard
Hi,
From what I hear on the news, GM may only have enough cash to stay in business for another year. And, if they do manage to start producing the Volt, they probably will have to sell it at a loss...so how long will GM last doing that?
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GM hasn't had the cash to run for several years now. I used to work at a factory that produced automotive plastics, (85% of their business was GM), and as of 2005, (The year I left), GM was over a year behind on their bills. Which caused said business to go into chapter 11 last year, and close it's doors this year.
For the curious, it was Blackhawk Automotive Plastics.