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No doomsday. . Chap 11 is the best thing Posted by Adam [Email] ![]() ![]() In Reply to: I would give the GM thing some thought., Mike Johnson, Sat, 13 Dec 2008 04:15:10 Members do not see ads below this line. - Help Keep This Site Online - Signup |
The "doomsday" guys are wrong. . .sorry, but it is fiction spread by GM/UAW that the world as we know it will end if GM goes into Chapter 11 - which is a reorg that will actually make them better and stronger. I really hope they do Chap 11 as it is the ONLY way they can survive (or a plan like Sen Corker had that does everything Chap 11 does without actually declaring BK).
The problem is not (just) the UAW it is the debt GM has. . .the only way to get rid of it is Chap 11 bk. Then they will be strong . .
Also, I don't believe there is ANY chance that Sweden will let either Volvo or Saab go away. They may buy them or subsidize them but never let them go away.
posted by 96.226.19...
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