Originally Posted by _Charles_

Let's get somethings straight here. Sales are down ACROSS the BOARDS, even Toyota is down. in 2008, there will be 12.5 million cars sold versus 17 million last year. Cars are still selling, just not as many. There isn't a problem with "one" maufacturer, they are all affected. Supply vs Demand...and we are in a recession.



I love these numbers...nobody ever knows who comes up with them, and can not usually validate them.

FACTS:GM only employs 266,000 employees.

Yes, alot of other companies are related and such, but let's see some real numbers. Whose to say some of these employees won't go work for Honda, who just opened a new plant with 1000 new employees?

GM has sold 806,000 vehicles in Q1; 799,000 in Q2; and 828,000 in Q3 of 2008. They are in line to sell 3.2 MILLION cars this year. If GM goes belly up...where do you think those 3.2 Million buyers are going to end up? Ford, Chrysler, Toyota? Don't you think that these manufacturers might have to increase production to meet new demands? I mean 20% market share files bancruptcy, and somebody else will pick it up.

Let's not forget, GM is going under due to a recession. They're supply already exceeds demands, and the suppliers are ALREADY adjusting.

I say file bancruptcy and screw the unions.