Re: GM cutting engineering jobs



On Fri, 31 Mar 2006, BMJ wrote:

Straydog wrote:

<snip>

Yup, things are pretty rotten out here. Lots of people are feeling the cuts. The big problem is that GM is carrying way too much capacity for their market share. They are going to have to cut everything and everywhere to become competitive. They are also saddled with the Delphi disaster. It would not be a suprise if this was the begining of the end for GM.


Wouldn't it be funny if Toyota bought GM? Then just shut it down and wrote it off the books, then make Toyotas in the GM factories with new Toyota signs fastened over the GM signs?



That's not so far-fetched. Remember what happened to American Motors twenty years ago?


I recall they went out of business, too, but did someone buy them?

It could be the old scam "buy assets to write them off" which means if they bought at half of what the assets were worth, then they buy double the write off. All a tax dodge.
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