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A rebound in Chinese auto sales. Since this is now the second largest car market in the world, it matters.

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We’re not in favour, we think that a Chapter 11 reorganization would be much better, but we recognize that no solution is perfect. Big retrenchment is unavoidable anyway

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We thought, perhaps one of the big three will falter, but all three?? Surely the bankruptcy of one of them must help the other two? However, after greatly being hobbled already by the now somewhat relenting energy crisis, now comes the recession. It’s what you call a double whammy..

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