GM filling for chapter 11 on monday

[Rider]

Originally Posted by bmblebee

How will they be cranking out cars next year when people don't/won't buy their cars today? The bailout of GM was strictly to prop up the UAW. The best and brightest engineers and designers will bolt from GM before the dust settles...

Why don't people want to buy their cars? There are a shit load of people in MI that are very loyal to GM and will not ever drive any other brand. Now I know that the MI population alone wont keep them in business, but there are lots of loyal customers through out the entire country. They will do a large scale back, sell off the majority of the ownership, and they will close thousands of dealerships, but at the end of all the restructuring, GM will still be operating selling cars to the public.