As Car Sales Collapse, GM and Chrysler Grow Desperate

Under pressure to demonstrate their viability in order to qualify for more government loans, General Motors and Chrysler couldn’t produce any additional evidence on Tuesday. If they were taking physical exams, they both would have flunked. As February sales were reported, GM owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%

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Bankruptcy For General Motors, Chrysler?

— Call it a bankruptcy in disguise. Although General Motors and Chrysler are scrambling to pull together plans by Tuesday showing that it makes sense for the government to support them without invoking the dreaded “B-word,” the efforts look like a classic case of reorganization

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