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Sep. 2, 2009 (United Press International) -- Al Koch, in charge of selling assets General Motors Corp. left in bankruptcy court, said potential buyers have inquired after some GM facilities.
But "it's not possible, until the process unfolds for a little bit, to tell the shoppers from the buyers. These are very, very large facilities," Koch told The Detroit News.
Analysts said some facilities left over from the pre-bankruptcy GM are likely to be broken down. Some are very old. Some are huge. Others require extensive environmental clean-ups, the News said.
Up for grabs are 127 properties, including 15 factories, vacant land, landfills and a church in rural Indiana, the News said.
Koch is dismantling what is now known as the Motors Liquidation Co. (OOTC:MTLQQ) He is to meet with members of the White House automotive task force in mid-September to review options and discuss clean-up issues.
Some industry analysts point to Volkswagen or Audi as potential buyers for old GM facilities.
Some are more skeptical.
Industry analyst Jim Hall at 2953 Analytics said the age of the plants was working against them. "I can't imagine who would want to (buy them)," he said.
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