Failure, bankruptcy not an option for GM

Brown, Peter; Crain, Keith
December 2008
Rubber & Plastics News;12/1/2008, Vol. 38 Issue 9, p9
Trade Publication
The article presents the authors' views on how the U.S. would be affected if General Motors Corp. (GM) goes bankrupt. According to the authors, if GM files Chapter 11 of bankruptcy, the company's 100,000 American jobs would be lost. The authors say that GM's collapse would also adversely affect Ford Motor Co. and Chrysler Corp. According to the authors, this would lead to greater unemployment in the nation, and more Americans without health insurance and pension liabilities.


Related Articles

  • The Way Out.  // Canada & the World Backgrounder;Jan2009, Vol. 74 Issue 4, p26 

    The article focuses on the catastrophe of the world economy in 2008. It states that 2008 is the upheaval of stock market crashes, factory closings, layoffs, bankruptcies, and other apparent misfortunes as opportunities. Vehicle sales drop to their lowest levels since 1992 and General Motors...

  • Buy-American boost may make Ford the winner in Ch. 11 saga.  // Automotive News;5/4/2009, Vol. 83 Issue 6358, p42 

    The article reports that Ford Motor Co. will enjoy a positive image in the U.S. with Chrysler Corp. and General Motors Corp. heading for bankruptcy. Lincoln Merrihew of the research group TNS Automotive says Ford looks like the quiet winner, when you look at emotional, 'Buy American'-based...

  • Bankrupt Logic. Winter, Drew // Ward's Auto World;Oct2003, Vol. 39 Issue 10, p5 

    Discusses the cyclical bankruptcy of the three biggest U.S. automobile makers, General Motors, Chrysler and Ford. Factor which contributed to the financial problems of Ford in 1945; Comments on predictions on the bankruptcy of the three automobile makers.

  • The Doomsday Scenario. Rothfeder, Jeffrey // Conde Nast Portfolio;Jun2008, Vol. 2 Issue 6, p91 

    The article presents a discussion about the possible fall of the automobile industry in the U.S., particularly in Detroit, Michigan. According to the author, automobile makers in the city could recover given changes in their businesses and luck. Laurie Schmald Moncrieff of Schmald Tool & Die...

  • "Detroit Three" receive 10bn bailout. Fernandez, Joe // Marketing Week;12/4/2008, Vol. 31 Issue 49, p70 

    The article reports on a bill to be passed by the U.S. Congress for a 15 billion dollars bailout to help in the financial crisis of General Motors Corp. (GM), Chrysler Corp., and Ford Motor Co., together known as the Detroit Three. The bailout is designed to allow the companies to avoid their...

  • Big three institute QS 9000.  // Paint & Coatings Industry;Jul95, Vol. 11 Issue 7, p76 

    Reports on the development of the QS 9000 standard for automotive coatings in the United States by Chrysler, Ford and General Motors. Features of the standard; Comment by Bill Keller, assessor for Underwriters Laboratories; Steps in achieving registration under the QS 9000.

  • Commence Driving. Stieg, Bill; Jones, Lisa; Bilheimer, Christina; Geller, Sheri; Boye, Brian; Calechman, Steve; Campbell, Adam; Davis, Shannon; Good, Brian; Herman, Brooke; Hillkirk, Scott; Joachim, David; Korneluk, Kristi; Matus, Jordan; Neuman, Sam; Olmsted, Larry; O'Neill, Hugh; Ongaro, Laura; Potera, Carol // Men's Health;Jul/Aug2002, Vol. 17 Issue 6, p62 

    Reports on the automobile manufacturers that are offering rebates to college graduates as of July 2002. Ford; Chrysler; General Motors.

  • Automakers go ahead with cleaner-burning cars.  // National Petroleum News;Mar98, Vol. 90 Issue 3, p18 

    Reports on the agreement among auto makers General Motors, Ford and Chrysler to provide much cleaner-burning autos in the United States. Consideration of the agreement as a historic cooperation; Joint development program initiated by General Motors and Amoco to create a cleaner-burning diesel...

  • Big three break ground for powder clearcoat test facility.  // Industrial Paint & Powder;Sep95, Vol. 71 Issue 9, p10 

    Reports on the joint venture between Ford, General Motors and Chrysler, known as the Low Emissions Paint Consortium. Brief on the powder clearcoat test facility; Remarks by Yogen Rohandale, manager of paint and anticorrosion systems at Chrysler.

  • Powder paint to cover cars. Peters, Eric // Insight on the News;02/09/98, Vol. 14 Issue 5, p43 

    Looks at the paint process which General Motors, Ford and Chrysler are experimenting with, in which paint in powder form is being used to cover cars. Environmental benefits of the process; How the powder paint is applied to the cars; Details on the experimental facility which has been built for...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics