Not really. The whole argument is predicated on their belief that American consumers will not buy cars from a company that is in bankruptcy. I don't think that is true in this instance. Restructuring is the best thing that could happen to them; they just don't want to do it because they're resistant to change. They need to get with the program, make more quality, fuel efficient cars that can compete with imports in the US and meet the emmission standards of other countries so that those new markets will be open to them. It's all fine and well to export to China where the pollution is so horrible smokers in America have better lungs than non smokers here (I live in Guangzhou) but they could be exporting to other markets and even China is supposed to be tightening their emmissions standards over the next decade or so.
