If it keeps going like this, very soon all auto fairs around the world won’t feature a single American brand! We all know about the story of GM going down the hill, but looks like the hill is too steep for them to stop it. Like so, they are going to ignore upcoming IAA show in Frankfurt like they did with Toyko and Shanghai.

The white house recently approved another $5 billion bailout for the GM, but since it’s not enough they have to really careful with the money. And understandably, skipping auto shows is a good way of saving the dough because it costs the company at least $5 million just for showing up there. It’s a shame really, and we can’t do anything about it but parying that somebody comes up with a cure for this sick economy!

via: leblogauto