Re: GM Chapter 11 & Warranties ?
A lot of times when these big companies go into Chapter 11 bankruptcy, they continue to operate normally. US Airways filed for Ch. 11 bankruptcy twice, and still ran flights during those periods.
I don't think there's anything to worry about. GM and the government want the company in and out of bankruptcy court as quickly as possible. That's why the "good" parts of GM will probably exit in (hopefully) 30 days while the "bad parts" (Pontiac, other balance sheet items) will probably be split off and sit in bankruptcy court to be either re-organized or sold off.
Last edited by jessep28; 05-27-2009 at 07:32 AM.