11Nov General Motors headed for bankruptcy?
I read with surpise that the General Motors (GM) in the US is in such bad shape that some analysts have forecasted that its share price will drop to zero. Analysts also think that it is headed towards bankruptcy or stay in a bankruptcy-like future.
GM is now in an urgent state to get financial aid from the government and it remains to be seen if this will happen. I won’t say more, because you can read all about it firsthand here on Channel NewsAsia.
It is scary what is happening around the world. Big names that we know of are now crumbling. Who knows, in the next decade, these companies that have made history being some of the largest conglomerates in the world will never be heard of again.
November 11th, 2008 at 2:42 pm
So will Toyota and Honda be the next car industry leader?
November 12th, 2008 at 10:11 am
Horizon: Honda is already the first in the industry, and Toyota second. GM is gone. They’re only good in the States with 4wd and trucks.
By the way, I have a feeling GM is like our Proton, it’s hard to die.
November 24th, 2008 at 11:00 pm
Horizon and Alvin, a lot has happened in the automobile industry in the US now…the big 3s are down and out. Nothing really surprises us anymore, does it? What’s the world coming to?!