Quote:
Originally Posted by The_Blur
 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. |
I can't remember where I read this but it was stated that if an auto company goes bankrupt then all of the suppliers are going to want cash up front for parts which would lead to hemorrhaging cash at a faster rate than currently. Which means it might start out in CH 11 but unless someone loans them some money they will be out of cash and filing CH 7.