With the current position of the nation’s economy, all the automakers find it hard even to survive.
As the nation’s auto sales showed up very poor number this November, many big companies, including General Motors, Ford, and Chrysler, see that they are at the stake of bankruptcy. All the automakers do firmly believe that their industry is in very severe situation compared to others. And the mighty General Motors declared that it is hard for them to be in business unless they are provided with $12 billion.
Guess what happens if the manufacturer of your car has closed down their factory. Probably you will face a very tough time to get spare parts for your car. No warranties will work, and even you can’t sell off your car as the price they offer will be so low.
The government, with around $700 billion in hand, is facing a tough time to decide on to whom to allocate the funds, as every industry is in crisis. And over that, automakers have increased their budget of the bailout to $34 billion.
As the nation’s auto sales showed up very poor number this November, many big companies, including General Motors, Ford, and Chrysler, see that they are at the stake of bankruptcy. All the automakers do firmly believe that their industry is in very severe situation compared to others. And the mighty General Motors declared that it is hard for them to be in business unless they are provided with $12 billion.
Guess what happens if the manufacturer of your car has closed down their factory. Probably you will face a very tough time to get spare parts for your car. No warranties will work, and even you can’t sell off your car as the price they offer will be so low.
The government, with around $700 billion in hand, is facing a tough time to decide on to whom to allocate the funds, as every industry is in crisis. And over that, automakers have increased their budget of the bailout to $34 billion.
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