Quote Originally Posted by Triple-d View Post
If they file bankruptcy, it doesn't dissove the company. It holds of financial obligations, and gives them time to re-group.
Maybe get a government loan to re-tool for efficent manufacturing, and more efficent cars.
Pumping money into the same company's with no changes is endless.
Bankruptcy, even Chapter 11, will kill them... would you buy a car from a bankrupt company?

You have to remember that most of the population makes no distinction between Chapter 11 (reorg) and Chapter 7 (liquidation) all they hear is "bankrupt". The headlines will be "GM declares bankruptcy" or "GM goes bankrupt" not "GM decides to reorganize"... that's a massive blow to consumer confidence on an item that they expect to be able to keep for five to ten years.