Message #2748

[clistensprechen]

And then there's this from Reuters Thu Aug 16, 2012

http://www.reuters.com/article/2012/08/16/gm-ally-idUSL2E8JF72920120816

Aug 16 (Reuters) - General Motors Co, partly owned by the U.S. Treasury, is seeking to buy international operations from auto lender Ally Financial, which ironically wants to use the proceeds to help repay its own federal bailout aid.

With almost $33 billion in cash and marketable securities at the end of the second quarter, GM has the money to pursue such an acquisition.


Are they going bankrupt or are they rolling in dough?

It remains to be seen. The purpose of the OP is to put current facts forward, considering that, in a different thread, incorrect suppositions were made in regard to the items brought up in this thread.