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Originally Posted by LITTLEELVISDAN  GET RID OF THE UNION... Then they can become competitive.... End of problem... File chapter 11, renegotiate all contracts, DO NOT RE-NEGOTIATE WITH THE UNIONS. Lots of skilled labor out there looking for work...... At least that's what I hear on the news.... lots of auto workers out of work... I bet they will come to work without a union contract... |
Would you continue to buy a car from a company in chapter 11? A company which will find it hard to get financing, especially in this economy ? It might be hard to find parts too as they might not be able to pay their suppliers. Also the resale value of your 65K V will be junk, especially if GM doesn't make it.
Few companies make it back from bankruptcy, one of the reasons is that consumer confidence is eroded in that company. Cars are a major purchase and you have to believe that the company that you bought yours from will be there to stand behind that car.