GM is dead. Their auditors, Deloitte and Touche, have "substantial doubt" about whether they are viable. The taxpayer may even inject that additional $22B "loan" they are asking for to add to the pile of burning capital and the $13B "loan" they already received but i think it's time for us to start expecting the world to be without GM sometime in the next two years.
Understatement of the year: "consumers could be reluctant to buy bankrupt carmakers' vehicles, GM said."
No. Consumers could be reluctant to buy a bankrupt Toyota's vehicles. They were already reluctant to buy a GM vehicle. To anticipate consumer purchasing frequency for a bankrupt GM's vehicle you would have to consult weather forecasts for Hell.
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