06.Jun.2009 Auto Bailouts: What Is Happening?

The automotive world is scary right now, there are so many things to think about and to be quite frank – you really need to make sure that you are reading up on the news lately as this affects all of us. What a lot of people do not know, is that there is a restructuring plan in action for GM, however, it could crumble our entire economy even more.
Right now, the economy sucks. Everything is up in the air and really, no one knows exactly what is going to happen now. What you should keep an eye on is the fact that GM is going to be primarily in the hands of the federal government and the UAW, which honestly … is freakin’ scary as hell.
We’ll keep you updated on the latest and greatest news for the auto industry, stay tuned guys!