Originally posted by RGlasel It doesn't have to be Daewoo and disappear completely.
If a company goes through bankruptcy proceedings, defaults on a portion of its debt, wipes out the equity holders, lays off a large percentage of its employees, defaults on all or a portion of their retirement benefits and accepts billions of dollars of 'loans' from the government (on which it ALSO subsequently defaults) I don't care if the brands are still made and the logo is still on the buildings. The company died.
Kodak's British pension fund owns the Consumer film division, purchased with help from the British government - which was a desperation move to preserve the pensions of the British employees. Americans are, for the most part, screwed. Kodak died.
FIAT bought Chrysler for virtually nothing after assumption of debt. Chrysler closed two plants in St. Louis in which they had invested $1 billion dollars just eighteen months earlier. 18,000 employees including the associated plants nearby. Chrysler died.
This article tells the story at General Motors - yes, still #1 in sales, but sinking to just a bit ahead of Ford. Chevy is slipping fast into oblivion. I'd like to buy a Cadillac but I don't trust them. I sure won't buy a Malibu when a Honda is every bit as good, or a Ford. Why on earth would I?