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This has been discussed a billion and one times on here.
Bankruptcy does not mean GM goes bye bye. It means that they restructure. The Obama administration cannot allow GM to liquidate. Google chapter 11 bankruptcy for more info.
In addition, Obama has said that the US government will honor all warranties issued by US automakers.
If, somehow, your car wasn't to get built, you should be able to get your deposit back. Even if you just feel like cancelling, you should be able to get it back, none-the-less if it is them who are cancelling it.
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