Wagoner was a bit more strident: he is warning Washington that if he doesn’t get a minimum of some $10 billion in the next few weeks, General Motors will go bankrupt. Practically speaking, this does not mean that they will stop making cars. Rather they would in all probability stiff pensioners and share and bondholders.
So as you can see even with GM, for example, if they were to go BK they will still be producing cars and needing parts from suppliers such as DSHL!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.