Quote:
Originally Posted by chadrcr
Before Chrysler( or ford ) goes out of business I am sure they would be absorbed by a bigger company, hmhmmm GM? or merge all 3 to crush the imports....  |
Yeah, I would imagine that someone would buy out their assets and assume some of the responsibility for fulfilling any obligations the company made. I doubt you'd see a company as large as any of the Big Three just disappear.
I remember reading about when Chrysler bought out AMC, and Chrysler was mandated by the government to fulfill a recall on a heater core on certain Renaults that AMC had been selling, but it didn't matter if the car was running...it had to have the new heater core. There were stories of people at Chrysler having to track down all kinds of Renaults, and even if they were sitting rotting away in junkyards, they had to go to them and deliver the heater core and put them in the cars.