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>> "taking over the assets, not the companies, of the (not so)Big 3?" >>
Dec 22 11:31 am
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All Comments by axelrod608 »Wall Street Breakfast: Must-Know News [View article]
Globally, auto production capacity far exceeds demand IF - there's that word again - IF the global slowdown continues. The one factor in their favor is that US automakers already make vehicles that meet US requirements while most others don't. The capacity exists to just import cars from elsewhere but only if the federales waive US requirements.
Here's guessing the feds won't and if US auto companies fail, their assets will be bought out at tenths of a penny on the dollar.