GM Bankrupt?

Shares of General Motors are at their lowest level in 54 years. There is talk of GM bankruptcy in the next few months. Sales have plunged for Pick up trucks and SUV trucks. Last year GM lost 39 billion dollars.

The reason for the poor sales is high oil prices. Today the price of oil shot above $146/b and it ism making people think twice about buying dib gas guzzlers. I predicted that the SUV would rust on the car lot.