Sneakers55
Champion Author
Houston
Posts:51,322
Points:2,144,925
Joined:Nov 2005
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Message Posted: Mar 19, 2006 8:03:07 AM
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.
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!
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