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Well, I assume other car companies would buy up its plant and equipment, the property would be sold, and of course, the Chinese are very interested in purchasing GM's brand copyrights (for example, they picked up "Oldsmobile" when the time limitations expired).
Currently GM's market cap is $2.4 Billion. Surely its entire durable-goods enterprise is worth more than that, in the event of a Chapter 11 BK. They do have $45B in debt...
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Scott Kinder
kindersport @ gmail.com
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