Quote:
Originally Posted by KayakerNC
Out of the warranties too?
They've burned many of their customers with lower quality products and non-caring dealers, who will buy the cars?
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That's one of the values of Chapter 11.
If they go C-11, they have to prepare a recovery plan for court ratification. That plan has to show how GM would still be able to compete, and if they burn the existing warranties, that would have such a negative marketing effect that the court could not ignore it. So, to survive, those things which affect sales have to be positive or the plan gets axed.