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Originally Posted by stovt001
Even in the case of Ch. 7 its possible a buyer could buy "Camaro" as an asset and build it. As long as the public can be educated as to what Ch 11 means and could be assured warranties would still be honored and parts would still be available, Ch. 11 might produce some benefits to GM, like better dealer and supplier arrangements. This could potentially lead to industry-wide changes, perhaps even the ability to buy online direct from the manufacturer. Time will tell. As risky as Ch. 11 is, some of the possible benefits are very appealing. The big downside is the huge job losses, but the auto-industry as a whole is shrinking. Fewer cars will be bought in the future, so those jobs are questionable anyway.
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I think you sum it up very well. Ch 11 is always risky business, and for still the largest company in America it's obviously a most risky gamble. But the potential benefits, I believe, outweigh the drawbacks of doing nothing and sinking further into insolvency.
Just imagine being able to build your own car on line and buy it directly from GM. A smaller dealer network will result in better customer service and stronger factory support. With GM making fewer vehicles and having fewer nameplates to design cars for, they can devote more time and energy to the cars they do make, therefore improving the quality of the product. And, last but not least, a smaller, tighter GM will be able to adapt to future market changes alot faster and with less hardship than the current GM uber-conglomerate.