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Consumers won't buy from bankrupt car maker

Discussion in 'Fred's House of Pancakes' started by Tideland Prius, Jan 3, 2006.

  1. Tideland Prius

    Tideland Prius Moderator of the North
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    CHICAGO - Nearly three-quarters of Americans wouldn't buy a car from a bankrupt company, according to a recent survey.

    In a nationwide survey by the Cincinnati-based research firm Directions Research Inc. published Friday, only 26 percent of respondents said they would purchase or lease a new car from a manufacturer that had declared bankruptcy.

    General Motors Corp. lost nearly $5 billion in its North American automotive business in the first nine months of 2005, and speculation has mounted among investors that the auto maker may eventually be forced to file for Chapter 11 protection.

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    #1 Tideland Prius, Jan 3, 2006
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