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But, bankruptcy does not necessarily mean that they will go out of business. Perhaps the Feds will do some loan guarantees on the back-end for GM after they have had the chance to reorganize their debt, restructure, and renegotiate contracts. Rather than supporting a company that has "lost its way" so to speak, the Feds would rather support a company with new direction and management...possibly?? You have to remember, that GM's and Ford's problems are here, not abroad. In other countries (i.e., Europe, Latin American, Asia) GM has strong sales. The problem they face is the labor costs here.
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