GM are screwed...

I think if GM go the equity markets will capitulate on a large scale. The size of GM and its effect in the US should not be underestimated. Hopefully if that does happen that capitulation might see the bottom of the US recession.
 
anissut said:
I think if GM go the equity markets will capitulate on a large scale. The size of GM and its effect in the US should not be underestimated. Hopefully if that does happen that capitulation might see the bottom of the US recession.
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So what impact would AIG going have? The US treasury has to decide on which 'lives' and which 'dies' :(
 
These guys makes bumpers etc. for SAAB and Volvo, so don't go crashing if you have one.
It might be difficult to get a new one. :alright:


Plastal Holding AB files for bankruptcy

http://www.plastal.com/plastal/en/P...2009/Plastal Holding AB files for bankruptcy/

About the Plastal group
Plastal is a supplier of engineered plastics to the automotive industry. Plastal has strong market positions in the premium segment of the car market and the light and heavy truck markets. Plastal manufacture and surface-treat interior and exterior plastic components, assuming responsibility for both system and function. The main product area is bumper systems, which the company develops, manufacture and deliver in sequence to many of the world’s most demanding vehicle manufacturers.

Plastal had sales of about EUR 1,300 million in 2008. The group has over 6,000 employees, of which 500 are based in Sweden, at 30 production facilities and four engineering centres in ten countries across Europe and in China.
 
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