Since there's no specific topic for GM as a whole, I figured that since Chevrolet was their largest brand this would be as good as any.
Message Posted: Mar 19, 2006 8:03:07 AM
They're having to go back and fix financial results through 2000 (that usually means "they didn't make as much as they thought") and it looks like their 2005 Form 10-K (the version of the annual report they file with the Securities and Exchange Commission, no pretty pictures is the main difference) is going to be delayed.
While I don't directly have any GM stock (I have some mutual funds that have GM holdings), a GM bankruptcy would have a major effect -- even if they end up closing nothing more than they've announced already. I cringe just thinking about it, but I'm not going to rush out and buy one to try to keep them in business!