That's what Obama's auto task force said to GM. Sales projections are too rosy. The plan to take care of the pensions will not make it past 2014. The Chevy Volt will never make money. The market believes that GM makes lower quality cars. Cash flow projections are unrealistic.
But the task force does think the company is viable. But first, Wagoner is out. Then most of the board of directors have to go. And who knows who will be left.
Bankruptcy anyone?
No comments:
Post a Comment