07touringcoupe

iTrader: (1)

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?

Black SS/SC 06

iTrader: (6)

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

leahciM

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

InfinityzeN

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

Thank you and have a nice day.

ilovecars

iTrader: (4)

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

rukkee

iTrader: (3)

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

fballman1987

oh rly?

NexTnmE

iTrader: (3)

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

bluecobaltss06

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

recklessactn

iTrader: (1)

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

07SSCharged248

why do we need 6 of these threads??

chris88z24

Where's Obama to save the day?

BLAZIN07SS

iTrader: (7)

he is hiding from al-qaeda. lolz

jsscooby

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

chris88z24

"Dae-who?"

Blue_Balt

iTrader: (1)

Daewoo became Chevrolet overseas.

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

Cougar

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.

06SS ALL DAY

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

alleycat58

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.

Herndon_High_SS

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