Its sad to see that the economy is so fucked up the three u.s. makers are goin out of business. ( Chrylser, Ford, Gm) So what leads me to my next question. Those who are under warranty what happens if GM goes broke?

 

We will all be driving cars that we make fun of all the time

 

they declare banrupcty, restructure and then they will slowly build up again..... it doesn't mean GM won't exist anymore

 

Please take it to one of the multiple threads about this topic already created.

Thank you and have a nice day.

 

idk but im not gonna take that **** theres gotta be something that would happen

 

If GM goes under all of our cars will magically disappear from our driveways.

 

oh rly?

 

If GM goes belly up we all can install Stage X since we wont have to worry about a warranty

 

were talking millions of people out of work and money...

 

If gm goes for broke, if you are on a lease or payment plan, you can buy your car that your payin off for cheap. No joke

 

why do we need 6 of these threads??

 

Where's Obama to save the day?

 

he is hiding from al-qaeda. lolz

 

What happened when Daewoo went under. That should give us an answer.

 

"Dae-who?"

 

Daewoo became Chevrolet overseas.

So that means GM will be renamed Chevrolet which would kick ass.

 

If they go Bankrupt, that will not necessarily mean they go out of business. There are big company bankruptcy laws stating that the company can still manufacture at a reduced rate. But they "can" operate at a loss but not for long.

 

hey guys i work for GMAC Mortgage, if GM goes broke. I get screwwed and don't know how i will make a car payment, mortgage payment, insurance... etc... donations are welcome

 

That's the best thing that could happen in all honesty.

Bankruptcy doesn't mean GM disappears. It means they restructure. Some debt is forgiven, other debt is restructured. It allows them to restructure and make adjustments in other areas that should allow them to better manage operating costs.

Chrysler has already been through bankruptcy once in the late 70s/early 80s.

 

Well they do think he is a "house ******"