Auto Manufacturers: Dust Biters or Potential Investments? | PowerOptions Web Log
In a market where General Motors (GM), Ford (F) and Chrysler collectively known as the Big Three were once part of the booming American auto industry, we could be standing witness to one or more of their final days. On Thursday, CEO’s from the Big Three requested $34 billion in government loans in an effort to avoid filing for bankruptcy. Although declaring Chapter 11 would devastate these brands, as the companies argue, it could spell the takeover of foreign automakers in the United States, and an opportunity for new investments. Stock option search with backtesting Sign up now for PowerOptions free 14-day trial GM, America’s largest auto employer, would likely be the first to go, saying that it will run out of funds by early next year if denied federal assistance. Chrysler is not in much better shape than GM and with a failure of GM and/or Chrysler, control of...
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