04-24-2009, 08:29 AM
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CC Member
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Join Date: Jan 2008
Location: Wisconsin Rapids,
WI
Cobra Make, Engine: SPF 1421 351W
Posts: 129
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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!
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