Hraðakstur af götunum og á inn á lokuð akstursíþróttasvæði
The financial markets are already treating GM paper as junk. It now costs about $3.175 million in upfront payments, plus $500,000 in annual premiums to insure ten million dollars of GM’s debt for five years. Why any one would pay half the value of the bonds to insure them is beyond us, but we digress. Additionally, GM bonds are selling for 61.5 cents on the dollar. This means it will become increasingly expensive for GM to raise money, assuming they can do it at all. That all adds up to make bankruptcy a strong possibility.
After six to nine months, GM as we know it will be dead. Under new leadership (one can only hope), the company will carry-out the brand restructuring that was due even before GM went nuts and bought Saab and HUMMER. Buick, Pontiac, Saab (in North America), Saturn and GMC will all be axed. DT has no doubts about what will happen on the sharp end: “dealers get fucked without recourse.” Only Chevrolet and Cadillac will remain in business.
Quote from: "Camaro-Girl"hian eð tij soli ogher itor l aKShofn
hian eð tij soli ogher itor l aKShofn
hætt viðframleyðslu !!! helvitis ohh mig hlakkadi svo til