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The owners and creditors of auto industry can fail and the assets (factories, IP) would remain and be transferred to new owners. Bankruptcy does not disappear f
by landemva 4y ago
The owners and creditors of auto industry can fail and the assets (factories, IP) would remain and be transferred to new owners. Bankruptcy does not disappear factories.
- Philadelphia 4y agoAnd the owners did fail. Chrysler was transferred to Fiat in bankruptcy, and GM shareholders were wiped out