Wednesday, November 12, 2008

BIG Trouble With GM

General Motors has said they are losing $2 Billion dollars A MONTH and will certainly need some type of government bail out in order to stay open next year. Locally, many Michigan plants have had layoffs here in Michigan. The worsening economy will only cause for more layoffs during this holiday season and make many unhappy workers and families. When will the government finally step in and do something to help the car companies out? GM is the largest car manufacturer that is effected by this economic times, and has already made significant changes. Gas prices are currently on the decline, however all companies in this industry are struggling. Will this "depression" be the end of GM and other American car companies?

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