3/5/2009 GM's newly released annual report has left auditors with "substantial doubt" …
GM's newly released annual report has left auditors with "substantial doubt" about the troubled automaker's ability
to continue operations. In addition, the company said it may have to seek
bankruptcy protection if it can't execute a huge restructuring plan.
The company has been in trouble for a while, racking up $82 billion in
losses, including $30.9 billion in 2008. The company has received $13.4 billion in federal loans and is seeking a total of $30 billion from the
Read more about the report at: http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/gm_annual_report
Should GM be receiving federal money to stay afloat? Or is it a situation of "survival of the fittest," where the most prosperous company should succeed and the others fade away?
Leave a comment with your thoughts.