The guy above has a good point -- if they sell all their assets in bankruptcy, how will the new GM have anything to work with? Is there a bankruptcy provision to cancel out debts without crippling a new company, and if so won't that cut down on the return on these old bonds? Or am I confused between the two scenarios with GM avoiding bankruptcy and issuing new shares, vs. bankruptcy and bond holders getting cash.
They really messed up with that planned obsolescence thing ~20 years ago... very sad as I hear their quality is much better now. Not that I took one for a test drive myself when buying a car a while ago.
They really messed up with that planned obsolescence thing ~20 years ago... very sad as I hear their quality is much better now. Not that I took one for a test drive myself when buying a car a while ago.
Trading the GM Bankruptcy [View article]
Buy a GM Car, Get 50 Shares Free?! [View article]
Buy a GM Car, Get 50 Shares Free?! [View article]