U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Judgment made on April 3, 2009: The Obama administration denied additional bailout money to GM and Chrysler. Both troubled carmakers received an extension to restructure their businesses and will receive "working capital" to stay afloat. The amount was not disclosed. Despite the cash infusion the companies will receive, the intention of this prediction is to address whether or not GM and/or Chrysler received additional TARP funding by March 31. After much consideration, the Standard has determined that "working capital" is not considered part of TARP funding, therefore this prediction receives an unfavorable judgment. -- The Industry Standard

General Motors and Chrysler are in serious trouble. The two companies received $17.4 billion in federal funding last year from the U.S. Treasury and in February, requested another $22 billion to survive.

In its fourth quarter earnings, GM reported losses of nearly $31 billion in 2008, or a whopping $85 million a day. There is growing concern that GM will not able to continue running its business even with its restructuring goals. GM has said that it could run out of money by March without another cash infusion.

A recent poll conducted by USA Today and Gallup says that 75% of Americans don't support a bailout for the troubled automakers. A growing American sentiment that would rather see GM and/or Chrysler go bankrupt than receive more funding will make it more difficult for President Obama's auto task force to approve another bailout.

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.

U.S. automakers receive another bailout by April 2009?

Yi-Wyn Yen — Thu, 26 Feb 2009 16:50:57 -0500

Prediction: General Motors and/or Chrysler will receive another federal bailout by March 31, 2009. An announcement that one or both companies get an approval will result in a favorable judgment.