Oct 22, 2008 -
GM, Evolution, & Survival
GM has a plan to merge with Chrysler and slash costs but initial attempts to secure financing for the controversial merger have been rebuffed, raising new doubts about whether it can be completed without government aid.
Chrysler has $9 billion in debt that, under a change of control, would have to be paid off if it cannot be refinanced.
At some point, you have to pay off your debts and not come begging to me to bail you out with my money.
GM has had 28 years to try and win back my money since I had that Vega. A little foresight and building cars that people wanted would have gone a long way to avoid the spot you find yourselves in now.
Read more at reuters.com
