Important Question

I think they continue unimpeded - as part of the "Good GM" that's already OUT of bankruptcy.

-W

Nothing, unless it is one of the brands they are killing. Even then the inventory is large enough to last years.

The aren't going out of business, just screwing investors & creditors out of money.

Most repro Corvette parts are brought to you by GM Repro parts. This could be serious...

It's SOP that in a BK common shareholders get wiped out. Even preferred shareholders usually get nothing; once in a while they get tossed a bone. Bondholders usually get something on the dollar, but nobody gets made whole. This thing has all the appearance of a cramdown, but a lengthy stay in BK isn't workable with GM. You can argue liquidation is better, but I don't think any other company or private investment group would have bought it at almost any price.

I believe Penske has a good deal though. Certainly not risk-free, but he's a smart guy.

AJM '93 40th Anniversary coupe, 6 sp (both tops)

" believe Penske has a good deal though. Certainly not risk-free, but he's a smart guy."

Smart guys have egos. He dumped California Speedway in Fontana years ago at a very nice profit because he anticipated the lack of growth in motorsports out here.

I really wonder how he intends to run Saturn because he seems to be lacking some abilities that GM had. I guess he is going to outsource the mfg of the car. I do not know about new design. I can't believe we will see the same model cars for years to come.

Vito