Sunday, May 31, 2009

G.M. Bankruptcy: The Moment Has Arrived

A seemingly unassuming Honda storms the Buick City gates. (Photo by Doug Sanders)


We knew it was coming, but this is still hard to believe...

"President Obama will push General Motors into bankruptcy protection on Monday, making a risky bet that by temporarily nationalizing the onetime icon of American capitalism, he can save at least a diminished automaker that is competitive,"
reports The New York Times.

5 comments:

  1. http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewpressreldetail.do?domain=827&docid=54632

    List of closings.

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  2. It's about time.

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  3. It could be my 80's brain, but for some reason the "The Devil's in my Car" by the B-52's came to mind when I read this...

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  4. Sorry, couldn't resist.

    http://www.youtube.com/watch?v=FSe6SYvsk9E

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  5. A Honda in front of a Flint GM plant. How long before the tires were slashed?

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