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December 12, 2008 | Put GM, Chrysler and Ford Into Bankruptcy

Bankruptcy is the right path for Detroit car companies. ++ Under “Chapter 11” proceedings they will be able to continue and restructure production. ++ This will not undermine trust in American cars -the company executives of GM and Chrysler have already done that. ++ Pension funds will suffer, but it is better to help them directly. ++ “US workers, working for Japanese carmakers, have shown their

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Ralf  Fuecks
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