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It's not bullshit when it's a legitimate concern. They even mentioned it on my local news today, and the local news I watch is never one to sensationalize or blow anything out of proportion.
It's a legit concern. GM is too big in it's current fashion to operate profitably with the amount of cars they sell. And they can't scale back as fast as they need to (and believe me I know they are trying desparately to do so) due to all the union contracts, their debts to suppliers, and the sheer size and scope of the overall company. It's like trying to get an elephant to win a 100 meter race against a cheetah. If someone doesn't hook it up to a crane, put it on the back of an 18 wheeler, and hit the gas to help it along, it's gonna loose.
That's essentially what Ch. 11 is gonna do for GM - put them on the back of that 18 wheeler.
But once they've gone the 100 meeters, it's up to GM to walk on it's own again.
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