GM provides industry with food for thought following downgrade

The General Motors (GM) story continues to rumble on and there are three schools of thought on it. There are those that believe a company as large as GM cannot possibly go bust (such as Kirk Kerkorian) others believe it cannot possibly survive and others believe there is an alternative way. I make no apologises for focusing on this subject once again. We are talking about the biggest seller of automobiles in the world employing 325,000 people and S&P has recently downgraded it to 'really junk' (B) from just junk (BB-) and comes just two months after their last change. They have kept the o...