With a $15.5 billion loss, can GM or its CEO survive?

WHO cares if the CEO will survive DOES he care about us after Raping all that Money for NOTHING Give him a Pick and Shovel like the rest of us had to earn our MONEY!And lost it because of him and the rest like him !

Can't blame it all on the CEO, he walked into a mess when he took over. The unions are the blame for most of it.

R.Wagoner should have been gone several quarters ago. He has done nothing but bring this once great American Icon to it's knee's. Are the shareholders asleep or have they sold their collective stock and bought Toyota shares.
If this CEO survives, then the shareholders deserve to lose their value.
The workers in the end will be the big losers as always. No job,no benefits ,nobody cares!

Between Union and CEO is sad to experienced excessive amount of incompetence and bad decisions.

GM will lose the remaining 16% of its share value in the next 6 years or so unless they can get a massive government (i.e., taxpayer-funded) bailout. They are so far in the hole that they can't sell enough cars to recover even in the most optimistic scenario. They can't even service their current debt load without borrowing.

In particular, don't hold your breath waiting for the Volt to save GM. I expect them to continue selling the family furniture, or using it for firewood, until nothing is left.

I HOPE THEY ALL FALL ON THE FACE AND END UP BELLY-UP.....OVER-PRICED, NON QUALITY JUNKS!

Its amazing that AOL would have a link to such an poorly written article.

Please identify which "Administration officials" are touting a weak dollar? I am not aware of any.

Please tell us why such officials should "Think Again" before abruptly changing the subject.

Very poorly written article. I can't believe the writer has any journalism experience.

The workers have to take their share of the blame for the problems at GM. The unions are taking this country down the wrong road. Now they want to put Wal-Mart in the tank. Wake up America, between the unions and Obama we are in for a long hard road. Rep Peposi and Sen Reid this county in in for a hard time. The 10 Senators trying to get a drill bill done are the only hope, but with people like Sen Durbin and Sen Shummer and wide eyed Rep Waters I don't hold out much hope.

Obviously, 8 years of stewardship ought to have been enough for a CEO to right the ship, provided that it wasn't actually sinking. If Toyotal could do it, why couldn't GM? There's no plausible answer to that other than, "bad management".

If Nissan is offering buyouts of GMs Tennesee plants, this is a good thing as maybe those employees may have a job later on... This is sad though, as american cars continue to be junk and have no style! Why are forign car companies in this country doing so well? I know here in Calif 75% of the cars on the road are foreign. Im 40, and when i was younger all my family had American cars, now my whole family drives foreign.. Sorry but may the best man win!

"elimination of health-care coverage for white-collar retirees past the age of 65"? How very generous of him. This knee jerk reaction of saving his butt by screwing the older worker's out of well deserved health care is sickening! Did he hand over his bonuses, on his way out?

Starting early this decade, GM made a major move to globize its product development. You see first benefits from this in award winners like the CTS and Malibu, and there are many more cars and crossovers on the way. Similarly, the 2007 GM-UAW agreement will, when fully implemented, give GM labor costs comparable to those of the transplants. Like it or not, a company the size of GM can't be turned around overnight. Finally, note that nobody anticipated the sharp drop on truck sales this spring. GM will have to cut costs here, grow globally and continue to build great products. There is no other realistic option, and car companies live in the real world.

The latest financial info shows they have 24B in cash. How long can that last at this rate and who is going to lend them any more money?

To really be a democratically controlled congress they would need over 67% of the votes. Otherwise , as we have seen , Bush can veto all of their proposals . Hence, the reason nothing is getting done is that Bush and the corrupt conservative lawmakers ( whom I will refer to as closet " boy huggers" from this point on ) actually are responsible for all of the miserable failures of this current republican administration . I'm not pointing this out to embarass you , because its not your fault , most republicans are on the lower end of the IQ spectrum - so we actually expect that sort of dribble from you.....

The unions are not the people to blame in this delema. It is clearly management that makes the decisions as to how the will offer a product and what product offering they will solicite. Come on people, we must understand that the unions are only " rank and file". They can ask for better pay and benefits but ultimately it for management to say yes or no. No one in the union holds any aces. At any time management has the ability to shift from a current market position to another. It is ridiculous to evem think that the "poor" guy at the end of an assembly line has any input into where the company wants or needs to go.

Shut down the company and see how the AFL-CIO like it. Sell it to China and see if they hire union people to make their junk. Buy Toyota or Honda, they make the best cars and don't have union thugs running them to the ground. Obama will ruin all the big companys. People who think this 1,000 rebate check on the backs of oil companys is great he is just snowing you.

GM makes and sells 65% of cars outside US of A now. only 35% is made and sold here in US of A. Bruce Sprinsteen is not driving a GM car. So much for Born in USA, duh?

Why GM didnt shut down all GM plants in US of A escapes the logic of me...If you think Tokyo makes better cars, no problem, GM will shut down all plants in US of A and stop losing money for good. Are you still asleep or what?

Come here and tell me GM is shod made and I will tell you that teachers cant teach well here. I want to import teachers, lawyers, actors, scientists, CEOs , authors, senators, President of US from overseas who can do the jobs better than you the American!! We will do that after GM and Ford goes under.... No sweat... You will be off to the gutters..

Don't blame the union. We gave everything that we had back to GM during negotiations in the last three or four contracts. We fought for 40 years to get what we had and now it is gone. Believe though GM is strong and we will survive even if some of the envious nay-sayers hope that we do not. There are so many people that hope we fail because of envy and their own frustrations. But you are in for a rude awakening, just watch for the turnarond. All big companies want cheap labor. Once they get it they will be happy. But how are you going to get to work 25 to 50 miles away,how are you going to buy gas, feed your family, buy clothes for them and you, pay your mortgage, car loans. And if you did not know or had forgotten health Insurance will not be included. Can you take care of all this on $12.50 an hour????? Wake up everybody it is a brand new day!!!! These are the things the unions stood for and fought for over decades. Now we have it they want it all back. And some of you envious frustrated individuals are willing to sacrifice this at the expense of the sweat of others. Shame to you!!!!!!