That's not how it works.
Any GTAM'ers own an electric vehicle?
- Thread starter PrivatePilot
- Start date
It could be if GM wants to be pricks about it. Brightdrop was a separate company and they brought it in house. If they think it will be a financial drag, they could "sell" it off again to a company that throws in the towel. Better optics than GM pulling the plug.
Parts are supported for at least 10 years after production ends, or stockpiled.
That's the theory but if the company is bankrupt, who is providing parts support? Would/could the Tier 1's provide parts to a third party that decided to take on that role?
Tier 1 supplies to OEM, so theoretically GM could just takeover that position if the other party bows out.
As for service, that's the query.
I was theorizing that GM may want to mothball the whole thing and stop the bleeding. Selling off the company (maybe for $1) puts the liability on the new owner who may decide to kill it. That leaves Tier 1's who can make the parts but technically no OEM (I guess a third company could decide to buy the IP which may be profitable without the weight of warranties and dead stock).
Devil will be in the details. Who guaranteed payment to the Tier 1s for stock situations, if at all.
'Typically' from top -> down situations a Tier 1 may be directed to buy from a Tier 2 that GM (or whoever) says "you must use them for these components". In these situations we treat them like any other tier 2 but we always have to circle back to the OEM for supply or contract issues.
From down -> up, I imagine GM did a lot of backing to get this done.
