View Single Post
Old 11-17-2008, 03:50 PM   #39 (permalink)
ksr
6.0 Liter L76 V8
 
ksr's Avatar
 
Join Date: Mar 2007
Location: Bridgeville, PA
Drives: 2004 CTS/2010 Camaro
Posts: 2,435
Re: Toyota the best home for Corvette?

In Chapter 11 bankrupty, GM would continue operating and would work out a restructuring plan with the courts. That requires financing, which will be very difficult to get now.

That might force Chapter 7, which is shutdown and liquidation.
__________________
Current: '10 Chevrolet Camaro
'04 Cadillac CTS

Past: '90 Pontiac Firebird Formula (used)
'02 Chevrolet Monte Carlo SS
'90 Buick Reatta (used)
'98 Pontiac Trans Am convertible
'97 Saturn SC1
'96 Dodge Avenger ES
'95 Chevrolet Monte Carlo Z34
'90 Pontiac Firebird Formula
'87 Chevrolet Cavalier RS
'86 Chevrolet Cavalier RS
ksr is offline   Reply With Quote