Feb
20
2009

Let the patient die

General Motors Corporation
Image via Wikipedia

It appears the “general” consensus is to let GM slip into Chapter 11.  Chapter 11 is an efficient way to get back to health – I have to agree with commenters that the $6B would be better sunk into infrastructure.

General Motors of Canada has doubled its request to about $6 billion for public aid from the federal and Ontario governments.

via Wheels.ca – GM doubles aid request – Canada’s Most Trusted Auto Resource.

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Written by Tim G. in: Business | Tags: ,

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