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To: Patricia Trinchero who wrote (170909)	12/12/2008 1:57:43 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I think Wagoner was misunderstood. The comments I am hearing from insiders are that the situation is bleak. I am also hearing the same bankruptcy talk you are.

To: Patricia Trinchero who wrote (170909)	12/12/2008 8:20:26 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

heres where the statement came from. It was not Wagonner. GM says December sales have been 'strong,' but plans production cuts BLOOMBERG NEWS SERVICE and THE ASSOCIATED PRESS • December 12, 2008 General Motors Corp., struggling to win buyers as it seeks federal aid, said December U.S. sales are running ahead of the pace set in the previous two months. “Our December sales pace has been strong compared to October and November,” Mark LaNeve, GM’s North American sales chief, said today in a note to dealers. “We cannot lose sight of the fact that customers still walk into our stores today.” A cash drain may leave the biggest U.S. automaker without enough money to pay bills by year’s end as it struggles with a 22 percent drop in 2008 domestic sales. GM’s deliveries fell 41 percent last month, compared with 37 percent industrywide, after a 45 percent plunge in October. LaNeve also told dealers GM would work with U.S. officials in Washington on a short-term industry rescue after President George W. Bush’s administration said it was open to tapping funds from the Treasury Department’s bank-bailout program to help automakers survive into next month. Meanwhile, GM says it will cut another 250,000 vehicles from its first-quarter production schedule by temporarily closing 21 factories across North America. The move affects most plants in the U.S., Canada and Mexico. Many will be shut down for the whole month of January. Spokesman Tony Sapienza said normal production would be around 750,000 cars and trucks for the quarter. app.com