I must say after glancing at balance sheet and cash flow statement of GM that I don’t see how GM can go bankrupt again like this article alleges – barring a severe downturn in the economy.
In fact, this article talks mostly about troubles of GM in “D” car segments. It absolutely does not lay out any argument about how those troubles will translate into bankruptcy in the next few years. There is no mention about how much GM owes to whom and on what schedule or how its cashflow will get impacted due to its trouble in “D-segment” etc. Those are absolutely the minimum requirements for any half serious bankruptcy-101 type of argument.
So it appears that the author uses word “bankruptcy” mainly just sensationalize his otherwise bland article…
