GM wants 18 billion

If 18 billion is given to Better Place we will have genuine change. Is it time to ban private ownership of cars?But I do like Megan’s tone. GM goes nuclear – Megan McArdleSo GM wants $18 billion just for itself. Words fail. Or rather, I don’t think I can print the words that immediately come…… Continue reading GM wants 18 billion

Will GM be declaring bankruptcy?

The White House Gifts A Bailout; The Politics Of GMme On the Hill – Marc AmbinderIf GM is forced to declare Chapter 7 bankrupcy and shut down immediately, its assets could be sold off. How quickly? No one knows. How many jobs would be lost temporarily? 100,000? Unclear. Permanently? More than a million? Three million?