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The problem with a pre-packaged bankruptcy, in my opinion, is that it will take a minimum of a year to work out, and in the meantime so many buyers will choose other brands because they are not sure what will happen. 12 months of even lower sales will plunge GM into an unsustainable cash position. People hear all the talk and get nervous when it comes to such a large investment. Look at how GM and Chrysler's numbers have sunk lower than the others, all the bad publicity is starting to have an effect on buyers.
Keep everyone guessing for too long and there won't be a GM or a Chrysler to save. I for one believe Chrysler is worth saving also, as this country needs all the money it can to stay here.
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