[VaSteve]

Like everyone else, I have been following this. So what did/would happen if "GM" went under? They say it would pull down the industry....would it pull it down forever? Certainly we are seeing too much capacity for the world., but if GM went under those suppliers would still have to make stuff for existing GM cars (to keep them running) and would have to make Honda and Ford stuff for the cars that would be built to take their place. Assuming GM shut the factories and stopped producing, wouldn't we see an uptick in the parts needed since Ford/Honda, etc wouldn't be able to fill that capacity immediately. Sorta like Cuba running their old 1950's cars.
Sure many of the dealers are going to take a bath, or sell alternate products.

On a related front, who NEEDS a new car? Assuming your car runs, do you NEED a new car? This is an interesting question on a board where we're keeping 25 year old cars alive. But those cars have soul and there's no substitute. So where do new cars go? People that WANT new cars, rental fleets, etc. While there is a glut of stuff out there build because we want it, what number of cars are sold to replace those that rust into the ground or are crashed out of service.

Anyone have the facts on any of this?