Oct. 22 (Bloomberg) -- General Motors Corp. may initiate a new round of cost cuts because a planned $15 billion in asset sales and savings won't be enough to maintain its liquidity amid deteriorating sales, people familiar with the matter said. http://www.bloomberg.com/apps/news?pid=20601087&sid=ai3v89S35u3w&refer=home
Right when they are on the brink the government will swoop in with a massive "loan" and save the company.
GM has become a joke. Bad decsion after bad decision. Why in the hell should anyone keep their kind of logic alive?
GM and AIG need to go. Even dow component stocks can fail. On the plus side they have virtually no weighting in the index.