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I'm not old enough to know and havent found an answer yet, but didnt England go through something very similar ~30 yrs ago? Not a large in market cap or units produced, but I wonder if value to the GDP was similar.
If GM goes under, who is going to make transmissions for practically every van and truck?
I wonder if it makes sense for Chrysler to fold, would that help GM and Ford? Or, would it cause the collapse of enough suppliers to cause them to die too?
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