According to a new study by consulting firm BBK and Michigan-based Anderson Economic group, a bankruptcy filing by GM and Chrysler would end up costing U.S. taxpayers four times more than the requested amount of the federal bridge loans.
BBK’s managing director and automotive practice lead, Kriss Andrews, said that the word “bankruptcy” or anything close to it scares consumers away not only from the company but the industry itself.
Anderson Economic Group and BBK put together a...
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