Ford and General Motors could run out of cash in 2009

[cosworth151]

At one time we had a General Manager who set up most of the Service Dept. with small pick-ups with cap tops. It was a disaster. With no heat in the back, the condensation and freezing cold destroyed thousands of dollars of equipment.

As for you, Dare, the Yugo was originally my company car. It got its first 100,000+ miles when I was running to various parts of the country to supervise large area installs.

[Wizzo]

The U.S. Treasury Secretary is taking a tough stance with General Motors and Chrysler LLC, and could force them into bankruptcy if they can’t show that they can survive without aid from the U.S. government. 

Chrysler and GM will have to submit their viability plans by March 31; otherwise they could lose any further support from the government. They are seeking $14 billion for their operating costs for the first quarter of 2009 and have said that without an injection of cash from the U.S. government, then they could be weeks away from insolvency.

The world has gone mad, or as my dear old Mum used to say 'Stop the world, I want to get off!'