4/23/2009

If GM or Chrysler goes bankrupt, which parts of the old Detroit auto empires will be worth preserving? Experts expect that patents and brands from profitable subdivisions like Jeep and Cadillac will be snatched up in a heartbeat, but selling off the company's physical assets could prove to be a nightmare, as few buyers have enough confidence in the market to buy a domestic auto manufacturing plant. To find buyers, liquidators will likely have to look outside the auto industry and find ways to retool properties for other needs, like a Michigan auto plant that was recently converted into a movie production studio.

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