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"They should have gone chapter 7 and the canadian equivalent in bankruptcy law. Some foreign buyer would have bought up the assets worth buying, and made better
by sonnyblarney 8y ago
"They should have gone chapter 7 and the canadian equivalent in bankruptcy law. Some foreign buyer would have bought up the assets worth buying, and made better cars. "
It's very unlikely.
A) Plants are tooled for a specific car, often to platforms that are company specific.
B) There is a reason GM is shutting it down, and other companies are probably in the same set of circumstances.
C) Do you think company A wants to buy company B's powerful Union? Uhhh, no! It's not entirely rocket science to train people to make cars.
- amyjess 8y agoI'll point you to what happened to MG Rover. Company went bankrupt, a Chinese company bought the assets, and now they make and sell cars in the UK.
- fredoralive 8y agoThe current MG ceased assembly in the UK a couple of years ago. As it involved laying off 25 people, it seems like it was a rather token effort in he first place. https://www.bbc.co.uk/news/uk-england-birmingham-37449289 https://www.bbc.co.uk/news/uk-england-birmingham-37449289
- amyjess 8y agoAck, I didn't know they closed the Longbridge plant. That's pretty sad. Thanks for letting me know.
- sonnyblarney 8y agoThey bought the car company, not a factory. A car company, like 'Jaguar' (similar story) has assets.