California Autos Examiner

Tuesday, March 03, 2009

GM Europe Runs Low on Cash, Ideas

Tough stuff for GM Europe. If a spike of capital is not pumped into the operation by April, a worst case scenario could occur where the company could have to cease operation. Given the multitude of countries involved, bankruptcy would be very difficult to achieve. GM is open to selling a majority stake in its Opel operation, but it is unclear who might be willing to take such a large piece of that pie.

The dizzying pace at which things are unravelling for all auto makers is simply breathtaking.

source: GM Running on Empty in Europe -

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