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Dec.12
3:28 PM ET
Friday, 12 Dec 2008
Buying From a Bankrupt Automaker
Posted By:Jane Wells
Topics:Media | Print Media
Sectors:Media
Companies:Toyota Motor Corporation | General Motors Corp | Ford Motor Company
One of the arguments against letting GM [GM
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], Ford [FORD
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], and Chrysler go bankrupt is that no one will buy a car from a bankrupt company. Really? What if the price was really low? One home builder told me that people buy homes from bankrupt home builders. I do think the analogy isn't perfect, but it got me wondering. If you can get a Chevy Tahoe for thousands less than a Toyota [TM
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] 4Runner, would you buy it, even if GM was being reorganized in Chapter 11?
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