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Ch 11 BK might be a benefit
Posted by onewhippedpuppy (more from onewhippedpuppy) on Tue, 18 Nov 2008 09:15:17
In Reply to: Re: any GM anxiety?, Ian Glenday
[Profile/Gallery]
, Sun, 16 Nov 2008 17:48:46
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GM is way to big to close it's doors. Ch 11 bankruptcy would allow them to renegotiate their union contracts and cut the staggering legacy costs (retirement, pension, health care, etc) along with a comprehensive restructure of the organization, which is long overdue. From a business benefit, it's the only way I can imagine GM continuing to operate. Sadly, there's a lot of workers, suppliers, and shareholders that would get seriously burned. Honestly though, is there any other way to keep the company solvent?
Nice deal on the 9-5, that would be tough to refuse.
posted by 63.87.133...
Posts in this Thread:
- New '08 9-5 aero with almost $8k in rebates, HS, Sun, 16 Nov 2008 13:58:21
- Congratulations! I don't like this trend though, Mike Johnson, Mon, 17 Nov 2008 05:38:45
- One of (many) issues Saab has, Benji, Sun, 16 Nov 2008 20:55:54
- any GM anxiety?, AlS, Sun, 16 Nov 2008 15:46:35
- Re: any GM anxiety?, KevinM, Mon, 17 Nov 2008 16:04:12
- Re: any GM anxiety?, john b, Sun, 16 Nov 2008 23:42:16
- Re: any GM anxiety?, HS, Sun, 16 Nov 2008 20:59:47
- Re: any GM anxiety?, Ian Glenday
, Sun, 16 Nov 2008 17:48:46
- When we were looking for a 9-5 in May,, TonyJ
, Sun, 16 Nov 2008 15:35:11
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