State of Florida may bail on General Motors

May 5, 2009

I just learned from a trusted source that the State of Florida, which had recently awarded a large fleet contract to General Motors has gone back to their up-fitter to inquire as to whether the order could be switched to Ford. The State expressed concern as to the “build availability and the future of GM.”

While there has been much discussion about retail consumers avoiding brands in or close to bankruptcy, the commercial and fleet customers present another large scale risk for the manufacturers, suppliers and tax payers.