Quote:
Originally Posted by bob2the2nd
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.
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Did everybody read that? If GM survives on only 20% of its customers, assuming that GM customers are the average consumer, then it would not survive bankruptcy.