GM posts huge loss

GM posts a 4.3 billion dollar loss now. This is not good news. Please debunkers listen up. The former world's biggest car company, is still losing money. It has cut back to the bone and then some. What can the future bring except more woe.

GM loss 1.2 billion

There is a new GM that is a much smaller company. Hummer, pontiac, saturn, saab, oldsmobile, are gone. Whereas in 1980 it had 50% of world market, now the number is only 15% of the sales in cars. Despite 1.2 billion loss GM says it will start paying loans it owes. With what money?

GM drops 1200 dealers

GM will get rid of Pontiac, Saab, Hummer and Saturn. These will join Oldsmobile and Plymouth in the ash heap of history. As for the the debunkers, they will continue to giggle and say - everything is fine.

General Motors Corporation will slash 1,200 dealers in its struggle to survive What we are witnessing is the last gasp of a dying dinosaur. When the GM bankruptcy does take place, many people will be thrown out onto the street.

GM follows Chrysler

GM will soon follow Chrysler into bankruptcy. Sadly, even the most bullish analysts see an uncertain future for General Motors. This company has already lost {Saturn, Hummer, Buick, Pontiac, Saab, and Opel} This means more workers will lose jobs are the american automobile industry implodes.

Today President Obama said "we simply cannot keep this company or any company afloat on an endless supply of tax dollars." How true. I predicted that this would take place back in 2005. Well, you are now seeing GM go under. Expect unemployment to skyrocket as he nation's industrial base falls apart.