Investors Think GM Is Headed For Bankruptcy

Posted by: David Kiley on March 30, 2009

Investors soaking in President Obama’s plans for GM think the automaker is headed for a quickie 30-day bankruptcy handled by the Feds starting in June.

GM shares were down 22% in mid-day trading, while the Dow was down around 3%.

Consumers take heart. The White House has no interest in GM falling apart. And the Feds are guaranteeing GM warranties like they do bank accounts.

Follow “David Kiley” on Twitter

Reader Comments

Robert Bailey

March 30, 2009 4:20 PM

Next Big Picture -Be part of something BIG

http://www.nextbigpicture.com

Unique way to advertise your company to a national audience of 20 MILLION.

Next Big Picture will be advertised in TIME Magazine's 2009 Person of the Year Issue.

Post a comment

 

About

Want the straight scoop on the auto industry? Our man in Detroit David Welch, brings keen observations and provocative perspective on the auto business.

BW Mall - Sponsored Links

Buy a link now!