GM's demise...
GM may potentially cut the dividend on the preferred stock, the common stock is at an 18yr low and bond prices for GM are are falling significantly, it seems more and more likely that GM will either file for bankruptcy or achieve some major concessions from the Unions and cut costs drastically. Either way, it seems that they are in for one hell of a rocky road...
I begin to wonder if the works Corvette's could go the way of Jaguar in F1...that is, being sold off to be run as privateers? Anyone have any thoughts on this?
Any guesses on how much the C6R teams get from GM to support their racing programs?
mogwai
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