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If GM can swing their product line around to get away from the super massive trend that was popular 10 years ago they should do ok. I agree that the gubmint won't allow a giant like that to go under without significant support. Might be a good buy at these levels, I bet the assets alone are worth $5 a share in a firesale.
The problem with automakers is that their product line is set some 8-10 years in advance. They have trouble changing directions quickly. If GM forecast this kind of market change 8 years ago then they should be fine, if they didn't...well then it could be another 5 years before they come out with a product to deal with today's consumer expectations especially regarding MPG.
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Rick
1984 911 coupe
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