Quote:
Originally Posted by ragingclue
How long would it be until GM's assets would hit the market? Buying factories already equipped to build cars, along with the machinery in place to do it would be tempting for surviving automakers.
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It would/will likely be a reorganization bankruptcy (Chap 13), not a liquidation (Chap 11) so there may not be a ton of assets hitting the market. There will be some older, less efficient plants etc. that would get cleaned out, but the bulk of the changes would be restructuring the debt load, workforce, etc.
If the gov't goes through with the "structured bankruptcy" plan they're talking about now, I wouldn't be surprised if you saw some forced brand consolidation as well. Pontiac for sure, and maybe Buick as well.