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Article: Analysts say GM bankruptcy may not be all that bad
- Article from:
- AP Worldstream
- Article date:
- May 22, 2009
- Author:
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With General Motors' long-anticipated day of reckoning a little more than a week away, nearly all signs are pointing to the wounded auto giant limping its way into bankruptcy court, but experts say that might not be as bad as once expected.
Car and truck buyers, they say, may not be as fearful of bankruptcy as once thought, as evidenced by Chrysler's stronger-than-expected sales in the two weeks after it took the dreaded step into court.
"I think in this case and in the eyes of the consumer, uncertainty is the enemy," said Jeff Schuster, executive director of automotive forecasting for J.D. Power and Associates. "Once they know what happened, it at least is ...