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How can you say that? There is no promise of that and GM head say there is no Chapter 11 for it. That is what he told Congress bailout or Chapter 7.
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He may have told congress that to help in his quest for bailout/loan money. In the end I think if congress will do nothing to help GM that they will file for reorganization. Reorganization is better than closing your doors.
Camaro is coming....it has to come.