All of these tough choices are meant to stave off Chapter 11 bankruptcy protection, which would help Detroit restructure but could make its cars unsellable.
"Warranties will all be at risk in that situation," said auto industry analyst Laurie Harbour-Felax. "Will the dealers be there to support the fixing of these vehicles in the future? All of that is at risk."
Detroit is finally putting the good, the bad, and the ugly on the table. And the stakes couldn't be higher.
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