Classic Car Watches

With General Motors shares almost to the level of being considered penny stocks, it’s possible the situation has never been quite so dire for the industry titan.  GM has been providing Americans with reliable automobiles for almost a century, and without GM, the auto industry around the world wouldn’t have been the same.  The company is now poised to file for bankruptcy, though there is some hope that it will be able to convince the government of its viability and secure a new loan.  However, based on GM’s performance in the past few months, it doesn’t seem likely they will be able have all their ducks in a row before filing for bankruptcy.

The real question is, what will happen to GM after bankruptcy is declared?  Several companies have emerged from bankruptcy in the past, and while GM doubts that customers will want to purchase from an automaker who has declared bankruptcy, in the last year they’ve made some efforts to get back on track.  With electric cars and hybrid/electric cars on the horizon, and the recent success of vehicles like the Chevy Malibu, GM just might be around for the next century too.  But purchase your GMC watch, clocks, posters, models, and paraphernalia now, because these soon might become collector’s items!