Quote:
Originally Posted by EllwynX
I'll admit, I'm somewhat worried as well. Have there been factual reports on what will happen if GM declares bankruptcy? Not speculation on possibilities, but real concrete info on what happens. Will car production cease immediately? What happens to the people who go in for a warranty covered repair? Would upcoming products be put on hold indefinitely (ie- Camaro, Volt)?
We can say 'have faith' until we're blue in the face, but I personally would like to know what WILL happen if they file for bankruptcy...
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The one argument Rick Wagoner gave the Congress was a study by a non-auto industry firm that said that 80% of people would not even CONSIDER buying a car from a bankrupt car company.
One of the Senators pointed out that they are ALL guessing - educated guessing, but guessing.