The VN Channel

It seems like forever since GM has made the news but right now, they are pulling themselves out of the hole that they were in last year.  In fact, in February, their sales were actually up by about 12%.  To continue in the trend, they are actually offering up 0% financing for 60 months on sales that happen during the month of March.

What this means is that there is a fantastic chance for you to get a brand new car from GM and not have to worry about the financing.  This is a sales strategy that I believe is going to certainly work in the benefit of the company.

Not only is it going to bring in more and more business, but it is going to allow people that need a new car to get one.

When you think about it – GM has not only had a tough, tough year but they have had a lot of ups and downs.  One good thing about GM right now is that Chris Liddell is in charge and although Chris Liddell does not have an automotive background, he definitely does know what he is doing … maybe.

One thing that I have noticed though and I am not the only one is that Chris Liddell is looking to run his own company.  Could he be on the track to become CEO of GM?  Doubtful in my mind but it might happen.

Right now, Chris Liddell is the CFO and he needs to succeed at that before he even attempts to become CEO of anything.

Survival is the name of the game during tough economic times, and it will take GM around $16.6 Billion more government aid to make it through. Without the funding, GM may drain its cash deposits by March.

The automaker is set to cut 47000 jobs from its global employee base. Five plants in the United States are also scheduled for shutdown by 2012.

GM is also contemplating on ending the Saturn brand when units for its current models are produced by 2012.

The automaker is facing a loan and line of credit amounting to $30 billion based on a report submitted to the US Treasury Department.

GM is requesting for an additional $4.6 billion funding to complete the aid that it received last December 2008. The company also needs $4.5 billion by 2011 to pay for some revolving credit line. An additional $7.5 billion will be needed to help the company as it anticipates worsening sales.

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