GM, Out of Debt?

With GM's customers still reeling from the shock of their not-so-forgotten bail-out, it has not been surprising that the $52 million of government funding that has been pouring into the company without any known appearance of it receding anytime soon. However, once GM was reviewing their profits and losses' they came to the realization that they have just now, for the first time in three years, generated a profit. This seems to be a phenomenal feat for even Wall Street to believe. Yet with this little money scavenged together, it hasn't taken long for the government to be taking notice, or taking action.

While GM is still very dependent on their stocks and shareholders, it is almost apparent that their ability to make a little go a long way and some great service at dealer's such as Lawrenceburg Chevy, Sarasota Chevy, and Greenville Chevrolet, all of which have provided tremendous services to their company. The down-side to this may be that even though GM is now in the positive side, it still is going to take much more for them to get out of the negative with the government and tax-payer's alike.

The rugged truth behind it all is that the GM company is still in the air. Nothing can be done, and nothing can be said yet about the future of GM and what it may hold. Instead, we can only sit calmly and as patiently as possible, hoping--and sometimes praying--for the well-being of the company and that their future continues to be a bright one.

Nonetheless, even if this future is as bright as they may hope it to be, the U.S. government is definitely making their debt audible to the GM executives. The pressures on the GM company to launch a public stock offering has become monumental, and almost overwhelming for the struggling automotive company. The good news is, they have finally broke the water's surface. Whether or not the company goes right back under or soars out of the water altogether is ultimately up to the U.S. citizens of tomorrow and what exactly our economy supports. As for now, we will be watching closely to be sure that not only we, but also are most favorite cars survive through these hard times. 

Automakers' Big U-Turn