largest ever annual loss for an automotive fi, page-2

whats going to happen to GM when no one can get finance to buy a car

http://www.bloomberg.com/apps/news?pid=20601082&sid=abfBJdMWTBtM&refer=canada

GMAC, Ford and Chrysler's revenue over the past 5 years are much like like housing prices, low rates and lending standards, held up sales figures for all the auto makers

http://digiads.com.au/car-news/latest-AUTOMOTIVE%20INDUSTRY%20TRENDS-news/Auto_Dealerships_Initiated_Nearly_$50_Billion_200704.html

$50B in auto are sub prime per year, or around 20% of all new car transactions

GM is already technically insolvent

http://finance.yahoo.com/q/bs?s=GM

what would say a $20B revenue hit make on the balance sheet if sub prime auto drys up?

JP Morgan says sell GM Bonds

http://www.detnews.com/apps/pbcs.dll/article?AID=/20080213/BIZ/802130432/1148/AUTO01

GM will have over $70 billion owed in pensions and health care benefits to its current and future retirees. For a company that has consistently lost a few billion dollars per year over the last few years, this is a problem.

Who is going to lend GM the money to go on?