bonds bankruptcy
Sunday, November 21st, 2010
Will You Buy A GM Product After Monday’s Bankruptcy Filing?
Once GM files chapter 11 on Monday, the Feds will own a 70% share while the auto workers union will own 20% and bond holders the remaning 10%. It has been said that GM will emerge more competitive. I have to wonder about that. Many people I’ve talked to won’t buy a car made by “Government Motors”. How about you?
I wouldn’t buy a GM even before the bankruptcy! I won’t buy a pile of junk.
geeze, when I can get about 470K miles out of a Toyota, why would I buy an American made car that will only give me 75K? (BTW, this is personal experience)
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