Corey M

Say No to the Auto Industry Beggars

James - you don't seem to understand a key point about filing for Ch. 11. While I can accept an argument that this might help G.M., it would be at the expense of their suppliers. The suppliers would not be paid, which would drive many thousands into bankruptcy themselves. Due to the interconnected nature of the auto industry, a series of tier 1's closing ship would result in a lack of parts for all the auto makers, not. This would halt the production lines within a week or so, due to the JIT nature of auto manufacturing.