Quote:
Originally Posted by Supermans
That's not true, the company is too large and has too many assets to simply disappear. There are many success stories that come from bankruptcy as it allows a complete restructuring and reorganization of priorities. If after this restructuring the company still fails to make a profit, then they must sell off the parts that are not profitable and then you have your scenario. This will only happen if the restructuring and reorganizing produces cars that are sub-standard in comparison to its rivals and at that point the company deserves to go under. However you seem to be skipping the first steps and perhaps a few years or more down the road. You have to give the company time to recover and if the union deals are restructured and re-worked (since we all know the unions are not going away) so they do not hurt the company as they are, then that is the first step to a nice and long recovery...
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80% of people have said they would no longer even CONSIDER buying a car from a bankrupt company. In order for bankruptcy to work there still have to be people around that want your product. This isnt like the airplane industry where you know in 2 months you are getting on a plane and thats that, so it doesnt make a difference who you buy from as long as they are around in 2 months. Instead this is, Im going to have my car for the next 5-10 years and in year 4 I want to make sure its still going to have a warranty so when something goes bad someone can fix it.