Thursday, March 05, 2009

GM

It's never been clear to me if they had any chance of surviving or not without a perpetual subsidy.
NEW YORK (CNNMoney.com) -- General Motors Corp. said Thursday that it hopes to get additional loans from the government and that there is "substantial doubt" about the automaker's ability to remain a "going concern." GM hopes to receive an additional $7.7 billion in federal aid, which would bring its total debt to the government to $30 billion by 2011, the company said in its annual report.