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Is an orderly bankruptcy of US car manufacturers on the cards

Today has been something of a turning point for the US car industry with news that the US government is looking for what has been termed "an orderly bankruptcy of the US car manufacturers". At this moment in time nobody quite knows what this plan means to the industry although it has been confirmed that the traditional two-week manufacturing break over Christmas will be extended to a minimum of four weeks.

New cars are literally piling up at the manufacturing plants and with many sales centres seeing no customers let alone selling any cars each day the situation looks like getting worse. Cash flow is now critical for the main leaders in the industry although quite how the so-called orderly bankruptcy will assist the industry remains to be seen. Figures show that 1 in 10 jobs in the US are connected in some shape or form to the car industry which has massive implications for the unemployment figures in the country.

As seen in the UK, rescue package after you package after rescue package is seemingly being confirmed by the US government on a regular basis. As yet there has been very little if any return on funds invested something which could actually hinder future taxpayer related rescue packages.

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