Not Ranked
GM Bankruptcy?
This nine week shutdown sure smells like GM is preparing for bankruptcy. It would be convenient for them to have a "fast track" (8 week?) bankruptcy and come out the otherside of the shut down a new company! Looks like the U.S. Treasury Dept. is willing to protect the UAW pension and healthcare benefits regardless of the outcome. Wonder if this will put Ford at a disadvantage? Getting paid 70% of your wage during the shut down ain't too bad, but you have to wonder what it will be like come Labor Day!
|