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Its OFFICIAL....
Source: New York TimesQuote:
GENERAL Motors has filed for bankruptcy at the Southern District of New York court today, in a plan for the ailing US auto giant to reemerge as a new, leaner company within 60 to 90 days.
June 01, 2009 10:30pm
Happy Motoring
duglet
Hopefully the leaner, company will also be meaner, but sadly I'm thinking leaner means cost cutting and less cars which are interesting and fun to drive :(
Then again if Opel can stand up on it's in own in Europe and Holden aligns with them we may see something more exciting than a re-badged Daewoo hitting our shores :cool:
..they'll relaunch as Government Motors :whistle:
So what happens with holden?
I say they won't be far behind them...
Honestly does Holden think a release of a "economical" Astra or Commodore now will save them? Sorry, too late Holden!!
Apparently they wont be affected, yet they will still borrow money off GM.
Holden have announced that this will not cause any issues for them.
Holden&squo;s future safe despite collapse of parent GM | The Courier-Mail
they're only filing for chpater 11 which is to prevent going from bankrupt....
think holden will be ok cuz they've already pi$$ed a s*** load of people off!!!...
Business Update; Just Announced - IKEA to take over GM
IKEA HAS ANNOUNCED IT'S INTENTION TO TAKE OVER GM, AND TO SELL CARS.
WE ARE IN DEEP SH # T........................
http://artflutter.com/wp-content/upl...4/ikeatool.jpg
http://farm3.static.flickr.com/2469/...e680c7.jpg?v=0
lol @ IKEA... :LOL: