http://money.cnn.com/2009/05/07/news/companies/gm_results/index.htm?postversion=2009050707
This article is about how General Motors lost another 6 billion throughout the three months of this year. They are trying to come up with different plans to stay out of bankruptcy like Chrysler. Meanwhile they ghave asked the goverenment to provide them with loans. 9.4 billion was already utilized in loans from the government the first three months of the year. The company will need a total of 2.6 billion in additional federal loans to help build itself back up. The reason for me picking this article is because it amazes me how one company after another is falling short of this economic downfall. There is no position of this article to agree or disagree on because it really is happening. I feel that the article was presented fairly because the information is true. The economy is as bad as this article presents itself. I would recommend this site to be used again.
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Wavy Boy, Tell me who you are so I can give you credit. :)
ReplyDeleteThis was a good choice of article and an interesting blog. You touch the high points -- how much GM has already spent, and how much it will still need. It would have been nice if you had included from the article what it needed to spend money on. I agree that unfortunately this is really happening, but do you agree with everything that GM has done to reach this point of near bankruptcy? Do you think it's only about the economy?
Grade: 10/10