Its The End For GM?

Reading the newest report regarding GM today has made me closer into believing that the biggest automobile manufacturer in the world cannot avoid asking for chapter 11 protection. The argument that buyers won't buy GM cars if they were asking for chapter 11 maybe valid for only a short time.

GM has been there for so long and questions regarding warranties and spare parts should not arise at all. Yes its true buyers will avoid buying cars from an ailing manufacturer but think about GM cars and its reputation since model T.

I still remember driving a Pontiac Sunbird or Chevy Celebrity then. The ride was smooth although the car seat is bigger than myself.

The LAST thing for GM to do is to go for chapter 11. I don't think GM really need that protection for now.