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Posts: 158
In response to
"
I'm not convinced that if GM "fails", unemployment skyrockets.
"
by
Dr.Vermin
it's not just the manufacturer. it's the ancillary businesses, like machinists and parts suppliers and dealers etc. -- nm
Posted by
pretty awesome pigby (aka chris)
Nov 14 '08, 15:12
(No message)
Responses:
I'm saying the manufacturer will still keep manufacturing, just with new management/ownership.
-
Dr.Vermin
Nov 14, 15:15
4
who's going to buy a business that manufacturers product nobody buys? -- nm
-
pretty awesome pigby
Nov 14, 15:17
2
A company that wants to crack the US market and finds it cheaper to retool existing infrasructure than build new. -- nm
-
the liioulu without yarn
Nov 14, 15:21
1
Like Tata, perhap? -- nm
-
Beryllium
Nov 14, 15:25
how can that be a "fail" then? -- nm
-
DaneDukeNuuk
Nov 14, 15:17
This is true - it's an industry, after all, not a single company - but Chapter 11 would allow for most of the ancillary industry players to continue -- nm
-
Beryllium
Nov 14, 15:14
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