The Finch Formerly Known As Gold

19 April 2005

How broke is GM?

First-quarter net loss for the largest American automaker was $1.1 billion, but how much is that really?

This much:

The wealthy Arab emirate of Dubai could bail out GM in a single bank transfer. Or, if every Catholic or every follower of Islam in the world contributed just ONE dollar to GM, this American icon would be in the clear. Perhaps they could work out a cars-for-debt scheme.

Just about every scheme I've had for getting cars involved debt.

It doesn't help that the General had to pay Fiat $2 billion just to go away.

Posted at 7:20 PM to Driver's Seat