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Originally Posted by atr_hugo
I suspect a bankruptcy may be used in the same way as the airlines used them. Shed some obligations and continue operations.
Chrysler is on life support, Ford is in the ICU, and GM, while the healthiest of the bunch, is wounded (but not a mortal injury ; -).
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It may be quite complicated. Phil Lebeau a reporter for CNBC, who's specialty is the automobile industry, reported today that the consensus among the industry analysts as well as the manufacturers is that in this economy a bankruptcy of an automobile manufacturer would drive away buyers. He specifically compared it to the airline industry, the big difference is the small sum purchase of an airline ticket versus the price and permanency of purchasing a car.
From what I read I see a different battlefield, all three are dying without government funding.