–GM Says Bankruptcy Filing ‘Was Not An Acknowledgment of Failure’ –
If GM could manufacture cars the way they manufacture ridiculous press statements, they’d be the most profitable company on the planet.
As they announced they would gladly accept another $30 billion from your generous tax contributions (in addition to the $20 billion you forked over in the last six months while GM kept telling you it didn’t need to declare bankruptcy), GM stated “it believed the [bankruptcy] filing was not an acknowledgment of failure, but a necessary way to cleanse itself in an orderly fashion of problems and costs that have …read more

– Company Says It Will Need Concessions from Local Electrician’s Union In Order to Make Sure Press Gathering Is Profitable; Federal Government Pressures Podium Providers Not To Insist on Cash Deposit –
General Motors has announced that it will be holding a press conference on Monday, presumably to announce its impending bankruptcy.
Plans hit a snag, however, when the company said it might not be able to meet its financial commitments to pay for the press briefing if it didn’t receive concessions from the local electrical worker’s union.
The company is also insisting the company that will be supplying the podium …read more