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Originally Posted by Azure
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A structured bankruptcy - essentially all the details negotiated and known beforehand - has always been the only viable option to avoid economic turbulence if not chaos.
It's possible to make money on automobiles in North American factories. Just ask all the workers at those new plants in Georgia.
Current demand is also well below sustainable levels. I read somewhere recently that current demand would equate to the average North American replacing their vehicle every 25 years, as an example. That's not going to last. Pent up demand will re-emerge at some point.
Government is finally getting around to the option it should have taken in September or before.
Cowperson