-
2018 Buick Enclave “Avenir” will have ionic air purifier - April 12, 2017
-
Lease a Luxury Car for Less Than You Think - April 5, 2017
-
Shopping for a Car When Your Credit is Low - March 31, 2017
-
Aston Martin Closer to Unveiling Second-Generation Vantage - March 21, 2017
-
2017 Bentley Bentayga SUV: Offroad for $238,000 and Up - March 14, 2017
-
Pagani Huayra is Finally Here, Only $2.4M - March 9, 2017
-
Mercedes AMG E63 – For When Your Wagon Needs Drift - February 6, 2017
-
2018 Audi Q5 SUV: Enhanced Performance - January 30, 2017
-
2018 Toyota Camry Due in Late Summer - January 27, 2017
-
2018 Dodge Challenger SRT Demon Will Outstrip Hellcat - January 23, 2017
GM Says it Will Not File for Bankruptcy
GM announced in a formal statement Friday that bankruptcy protection is not an option the Detroit-based company is considering, even though the automaker’s stocks have dropped to a 58-year low.
“Clearly we face unprecedented challenges related to uncertainty in the financial markets globally and weakening economic fundamentals in many key markets,” GM said. “But bankruptcy protection is not an option GM is considering. Bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers.”
On Thursday, J.D. Power and Associates said it predicts U.S. new vehicle sales to total 13.6 million units this year and 13.2 million in 2009, reports MSNBC. In 2007, U.S. car sales totaled 16.1 million units.