Re: GM to sell Allison Transmission
And part of that 40 billion in long term debt is retirement and GM is fully funded in their retirement requirements. In fact, they are over funded, that was in a recent article in the Detroit News or Free Press. So half that long term debt is sitting in funds they cannot touch so is it really a debt?
What amazes me is the number of people who drive GM vehicles who do nothing but condemn everyhing the company does from the vehicles it manufactures to the components of its company it sell off.
Not just here on this forum, it is happening on the Vette fourm, and probably on a dozen other GM vehicle forum.
Sure GM is selling off some of their non-core companies, but does this mean doom and gloom? I hope not, then if it does, ya'll have to start driving FJs, because if GM is gone, you can bet your sweet arses, Ford and Chrysler have already fallen.
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Black Sheep Hummer Squadron
(ME TOO)
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