It was never supposed to go this far.... After all the CAW and UAW workers voted for wage reductions, this shouldn't have happend. Even in this of the business, greed still prevails.
General Motors Corp. said bankruptcy jitters and a global sales slump created a "revenue implosion" that led to nearly a $6 billion loss in the first quarter.
The auto maker burned through $10.2 billion as revenue plunged 47%, the latest sign GM is running out of options as it races to meet a June 1 restructuring deadline set by the White House. The company is surviving on $15.4 billion in federal loans and has said it needs another $11.6 billion to stay afloat.
GM has to meet their restructuring deadlines, and sadly to day they have decided to sell their "muscle car" line, Pontiac. I wish I never sold my 78 Parisienne...