Better $14B late than never

The new head of General Motors says bankruptcy might be a pretty good idea. Which is something that could have been brought to Americans’ attention six months ago
Damian P.

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4 thoughts on “Better $14B late than never

  1. Robert Farago over at The Truth About Cars has been saying that for *years*.
    In fairness, so have thousands of other people – it’s not like “GM is going down” has been a secret or is a surprise.

  2. Sigivald:
    You may have already read it at TTAC, but several months ago they ran a multi-part series by a New York based bankruptcy lawyer on how this could be managed with the least amount of disruption. It was quite well done from this layman’s perspective.

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