XML Feeds
Tags: bankruptcy
American Trucks and the Outdoors
By djkimmel on Jun 2, 2009 | In Perspective | Send feedback »
This whole debacle with the American car companies has been pretty hard to stomach if you live in the Midwest like I do. Today marks a very sad day for Detroit and our region. One of the most philanthropic companies in the world will move into bankruptcy, a thought that is still surreal.
As the bankruptcy filing moves through its course, there will be hard losses for many to endure in this process. It will no doubt sting badly for many aspects of the industry. There will be more job losses. Dealerships will close and dealers will lose their life’s hard work. Other businesses will not be able to weather the storm, most likely closing their doors. But when it’s all said and done, I expect General Motors to come out as a stronger company, one that will finally be a healthier and more flexible business.