updated: 5/27/2009 1:23:20 PM

[UPDATED] Butler Dean: GM Stands "No Chance" Unless it Declares Bankruptcy

InsideINdianaBusiness.com Report

 Butler University's College of Business Dean Chuck Williams says there's a big difference in what has happened between Chrysler and GM.

The dean of Butler University's College of Business says General Motors Corp. (NYSE: GM) stands no chance to emerge healthy unless it goes through bankruptcy. Chuck Williams stresses GM needs to be 40-50 percent smaller. He also says GM and Chrysler LLC would be much further along in solving their business problems if they would have seriously considered bankruptcy earlier.

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Source: Inside INdiana Business

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Williams explains bankruptcy is designed to help and have a healthy company, a company that has a chance to succeed and has a chance to be profitable.

He says questions still remain whether GM will be able to cut costs, innovate and recover.

Williams says the impact on Indiana will all depend on what the new GM and Chrysler looks as it emerges from bankruptcy. If key plants in Indiana are critical to the new plans, then the state will not loose as many facilities and jobs as feared.

Source: Inside INdiana Business

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