teletuna

Is One Automaker Default Almost a Sure Thing?

BrianZach is correct. In addition to employees of the big 3, think of the number of employees working for suppliers depending upon domestic auto manufacturers, families, neighbors, businesses supported by these people, etc. This compounds the overall impact of a bankruptcy.

weiwentg points out the potential impact to the Michigan economy, however, it goes well beyond a single state. Auto manufacturers and hundreds of suppliers have plants, engineering facilities, and operational offices located throughout the country. No the country is no longer is directly dependent upon GM or any other auto manufacturer, but it is certainly greatly affected. I shudder to think of the economic upheaval without my employer, GM. An economy cannot be 100% service based. You need some agricultural and manufacturing to complement these services.
*Opinions expressed are personal and not necessarily those of GM.