Finance Questions

Question: Would you accept a job with General Motors considering the state of the motor industry?

I live in the UK which also has major economic problems as I am sure you are aware. The motor industry is particularly affected by this. General Motors has 2 big sites in the UK and I have a job interview with them to work in the finance team. At the stage in the interview when the interviewer asks if I would like to ask him/her any questions, my first question will be "As somebody who works for GM, are you confident you will still have your job in a years time?"
What are your opinions on this.
Obama is keen to get GM up and running with the 60 days worth of financing. Gordon Brown is keen to get the motor industry up and running with the introduction of the car scrappage scheme that worked well in Germany by increasing car sales by 40%.
Do you think that GM is too big to fail or not? Would you accept a job with them?
I am currently at university. I have about 4 months until I finish. I could accept the job or keep looking for another job.

Answer: GM is not too big to fail. I would not accept a position with them at this point. They are shutting down 13 more plants here in the US. They are going through 1 billion/week just to keep the company going. Even though more Fed Government money is being loaned to them, this is the second time in less than 3 months...with no positive change. (and remember these are loans) They will no doubt declare bankruptcy this year, as will Chrysler. I would continue to job hunt. Remember, the first hired, are the first to be let go. Invest your time elsewhere. (Michigan resident)

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