3 Responses

  1. Vince
    Vince February 18, 2009 at 11:25 am |

    Haha, nice one Chris. Although… there’s another fundamental problem… which is, if GM goes under, its suppliers will go under. If its suppliers go under, who will provide the parts for the repairs in the future, even if it’s Allstate that’s paying the bill?

  2. Jill
    Jill February 18, 2009 at 11:47 am |

    Being a SquareTrade employee, a Detroit native, and a product of a GM family, I wish we could!!!


  3. Christopher Price
    Christopher Price February 18, 2009 at 5:47 pm |

    The event that part suppliers “go under” is not even in the cards really.

    The reason the Big 3 are going bankrupt, is that they are having to pay operating costs significantly higher than the foreign competition. Under Bankruptcy, the Big 3 would get to start over with a clean slate.

    Nobody is really predicting that the Big 3 would be unable to exit bankruptcy as functional companies, though some are calling for two of them to merge (GM and Chrysler, for example).

    And, even if the part manufacturers were to go under, others would happily produce aftermarket parts. Even if the Big 3 went under, the cars they’ve already built and sold aren’t going to vanish… there’s always an aftermarket, even if the company behind those cars ceases to exist.


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