When GM reported on Friday they had lost $4.2 billion, and were well on the way to running out of cash, the news was far worse than most experts had predicted. Still, GM is ruling out filing for bankruptcy. My guess is that a government bail out of GM is more likely. It is a lousy situation, and as an American taxpayer, I don’t want to have to pay money to compensate for GM’s mistakes.
At The Garage, we are not politicos, and we are not business experts either, but with these stories making headlines, it is tough to ignore. We are car guys, and we care about what’s in the showroom. CNN did a report on all the major projects GM has in progress, and if any of them will be delayed. Here’s the rundown:
Chevy Volt
