NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

GM's looming bankruptcy

May 29, 2009
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So, three decades of decline has come to this for General Motors: a Chapter 11 bankruptcy petition expected to be filed Monday.

Lots of problems contributed to its downfall, but now the carmaker faces an extremely steep climb.

The bankruptcy will winnow its model line to vehicles consumers like best, but that doesnâ??t mean consumers will buy the cars. The brands might be suffering from fatal damage, particularly in such influential markets as California and much of the East Coast.

Do you believe GM will make it? Or is bankruptcy the next-to-last nail in its coffin?
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