GM file bankrupt.... finally
By faisai
@faisai (1138)
Hong Kong
June 1, 2009 10:24am CST
The last piece of the puzzle is finally there now. After all these months of discussions and negotiation of any sort. GM files bankrupt after Crysler. So, now most big names are gone. What's next? What do you think about GM filing for bankruptcy? Is this where the turn of economy will come as the last uncertainty is finally cleared (we no longer need to be "afraid" of it)? Or it ignites another round of crisis?
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1 response
@tdemex (3540)
• United States
1 Jun 09
I work for tier one suppliers for the auto industry, I install new assembly lines, All the tooling, robots, and welding equipt. I've been traveling the word doing this, and am now laid off. It's a global economy and many people don't get it! Many think the planet revolves around the United States, it's sad but true. GM and Chrysler will come back trust me! The world is very dependent on these two companies! All these companies are intertwined together, there's a lot more here which involves the suppliers that make the systems that go into the vehicles, and the companies that supply them. Think dominoes when one falls there's an enormous trickle down effect. Even the companies that make uniforms for employees, companies that make the safety equipment that the employees have to you wear..... and the list goes on and on! Being raised in the Detroit area this is truly a sad day! 
tdemex