GM Gains from Chys Bank..Thoughts...
GM+ Chrys.. will no longer have the cars that is currently does for sale. FIAT alraedy has their cars for sale here in US and now they will come over revamp chry production to meet FIAT production standards and Chry impact on GM will decrease. FIAT Chys. we will see.. look how well Chry-diam did,,,,,not well at all....
However, Chry looses major market here.. this is great news for GM and Ford..
Government said to reveal shortly incentives for buying cars. This will help revamp GM.
GM will be around... Bond holders should learn a lesson.. probably they will as it has been expressed them not accepting the deal.. they loose out more.. just as now.. chy. bond holders take a bigger loss. They should have settled.. Acting in the best interest of the share holders.. does not mean being greedy.. It means coming out wtih the best that they can.. Bank.. as we will all soo see for Chry bond holders.. was not the best option.... however, it favours GM because the company went bank.. and major market share lost.