http://www.wheels.ca/reviews/article/514447
If GM's sales units drop by as much in 2o10 over 2009, as they have in 2009 over 2008, GM will sell no cars in Canada within 10 months. That is even a faster collapse than I, as arguably the biggest detractor of this industry in Canada, had predicted.
GM isn't just toast, its crumbs.
One of my friends suggested the government not bother to bail out GM, but just guarantee warranties. Sorry, too late. By the end of the 2010, there will be no GM dealers left to do the warranty work.
This is tragic. But I, along with many others, first predicted this some 25 years ago, and the smug GM stakeholders told us we were "talking through our hats."
Those "hats" are keeping me mighty warm!!
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