Excuse Me, But...

[ARTSBEST]

Has anyone whom bought a GM product noticed as of late the following?

GM has $10B in negative working capital, has not been profitable for three years, and is partially shut down due to a supplier strike. This is happening at a time when the car selling cycle is headed downward and competition is fierce. Not a pretty scenario.

[c5 rv]

My understanding is that the GM layoffs due the the American Axle strike have mainly impacted vehicles that have a large unsold inventory. I wouldn't be surprised if there is some fine print in the GM-UAW contract that makes layoffs caused by a UAW action, even at a supplier, much less expensive for GM. I think this AAM strike and resulting layoffs at GM are more of a blessing than a curse. In the past, when there have been supplier labor problems that have hurt GM, GM leaned heavily on the parties involve and the problems were quickly resolved.

[codewize]

It was my understanding that GM was the only one of the big 3 who showed a profit in 2007.

[Night Wolf]

I actually don't own a GM

[dirt_cheap_fleetwood]

Originally Posted by Night Wolf

I actually don't own a GM

That's it, you're off the forums!

[nickc50310]

Originally Posted by Night Wolf

I actually don't own a GM

LOL!!