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this post was submitted on 11 Dec 2023
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I was not aware of that! Thank you for mentioning it. It has always seemed crazy to me that customers have no charge over assets on bankruptcy. In a better world, that'd be the case but that's not the world we live in.
As an aside, this is the sort of thing that is going to hinder investment in small firms in the auto industry, further compiling the issue of a few manufacturers setting ridiculous prices for their vehicles.