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Tramtwo, I don't know jack about the car biz other than a few pearls of wisdom that I've read in this very thread, but I do remember that time changes everything.
What happens now at GM is almost certainly going to be a reflection of how the upper management responds to this event.
There are two notable strikes in recent memory, but there have also been some real home runs from the design teams, so I'm saying they are still in the game.
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