GM to Cut 25,000 Jobs, Close Plants
 

A big announcement by General Motors. The world's number one automaker plans to cut 25,000 jobs and close an unspecified number of plants over the next 3-1/2 years. CEO Rick Wagoner also tells shareholders, the company plans to buy more components from suppliers outside the United States. General Motors says the changes stem from huge losses in recent years.

http://www.kltv.com/Global/story.asp?S=3442604

they go down for a reason
their shit is crap
the downfall of GM is well deserved!!!

That sucks for those poor workers, you have been spot welding on a line for 15 yrs. You basically have no skills .

thats gonna put a dent in unemployment

you can thank Bush for raising the gas prices, not raising min. wages, and adding more & higher taxes for him putting this country in even more of a debt.

this country is basing their prices of cars & houses on people that make $100,000 a yr, meanwhile, jobs are being lost all over the country & wages arent being raised to compensate for the price increases of everything.

GM has close to 300 billion in Debt, you don't want GM to go down dude!!! :Oh crap Ford has about 120 billion in debt and is not doing to well either........

hmm thought ford would have the greater debt.