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windvale · 10-13-2008, 11:05 AM

Just an alternative thought...but this might be a good time for GM to declare bankruptcy. I know bankruptcy has some downsides, but it would allow GM to do the following:
1) negotiate an even more competitive deal with the UAW
2) downsize to just Chevy and Cadillac, and get rid of overlap once and for all
3) get out of franchise agreements w/ Buick/GMC/Pontiac dealers

I know bankruptcy is a bitter pill...but let's be real, without a massive immediate reorganization GM will fail within a year and probably get taken over by the US government.

As far as GM's reputation taking a hit from bankruptcy...get real, GM's reputation is pretty well sh1t in the public's eye anyway.

10-13-2008, 11:05 AM	#6 (permalink)
windvale 2.8 Liter Turbocharged V6 Join Date: Feb 2007 Location: Cary, NC Drives: 2002 Trailblazer Posts: 897	Re: GMI Covers GM's "Crisis Mode" Just an alternative thought...but this might be a good time for GM to declare bankruptcy. I know bankruptcy has some downsides, but it would allow GM to do the following: 1) negotiate an even more competitive deal with the UAW 2) downsize to just Chevy and Cadillac, and get rid of overlap once and for all 3) get out of franchise agreements w/ Buick/GMC/Pontiac dealers I know bankruptcy is a bitter pill...but let's be real, without a massive immediate reorganization GM will fail within a year and probably get taken over by the US government. As far as GM's reputation taking a hit from bankruptcy...get real, GM's reputation is pretty well sh1t in the public's eye anyway.