Local Take on General Motors Bankruptcy

A business professor at the University of New Brunswick says the General Motors soap opera is about to begin.Barry Boothman tells us, GM has been able to emerge from bankruptcy protection much faster than anticipated, but is unsure what the public is going to think about it.Boothman says eliminating brands now, and experimenting with greener automobiles is coming a little late. He says brands such as Pontiac should have been phased out 10 to 15 years ago.Boothman says it's going to be hard for GM to pay back their government loans quickly because their debt was in the area of $172 billion dollars including assets