Boy, I’d love to be a fly on the wall at General Motors’ August board of directors meeting. Per the Wall Street Journal, every car division except Chevy and Cadillac could get whacked, along with major additional job cuts, etc.
But, some of these divisions aren’t worth any more as sales items than they are within GM. Hummer? You’d probably have to pay somebody to take that off your hands. GMC? Would get, at best, $1 billion. And, with the way GM is burning through cash right now, that would literally cover a full one month of losses.
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