What will happen after GM goes bankrupt?
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I am not intrested in what will happen to the share value but in the following aspects... as mentioned below... expert opinions please... waiting for your comments... thanks in advance.... 1. What will happen to the employees? 2. What will happen to the factories? 3. What will happen to the cars? I mean will they still be manufactured? if not will they become a matter of history! all of a sudden? or what will happen? 4. What will happen to the dealers of the GM cars?
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Answer:
#1 Some will take early retirement,,some will take a cut in pay and some will lose their jobs. #2 Some stay open and build cars or trucks, some close due to lack of volume to be re-opened later. The cars will be sold,Period. To some one .some where, some when for some amount. #3 Management says there are too many so the less profitable will close.
Dhruv at Yahoo! Answers Visit the source
Other answers
Since you posted this under "Holden" I presume you are asking from Australia. According to something I read a few weeks ago, Holden is a GM division that actually runs at a profit, so the future for Holden may not be all that bright but it might continue to exist. I can imagine someone like Toyota buying it, or maybe some other company. In the USA the American government has taken over 60% of GM, the rest seems to have been bought by the car worker's unions. What will happen? I don't know, but it's probable that some of the factories will keep working, perhaps with a more limited range of products until the business is re-organised. For example, they might stop making Cadillacs or maybe Pontiacs but keep on with whatever brand is profitable or close to profitable. That might take a few years, and most likely the US government will sell off it's share to some likely buyer. Who? Nobody knows, but it's likely to be mostly a US based company.
Brigalow Bloke
You know it. I know it. This is the end of the BIG 3. We already have Government Motors. Next it will be CriesALot. Then Fold Motor Co. The current Administration drives Lexus', Beemers and Benz'. They could care less about the consequences of their actions in Detroit and beyond. Typical Limosine Liberals and Gulfstream Environmentalists.
ff1054
excuse me... uhh, why did you ask more than one question!?!?! that isn't allowed. one question per post, kthx. anyways i dont even know what youre talking about so whatever kthxbai
monsieur
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