Re: Too many news outlets have become rumor outlets - Saab General Bulletin Board - Saabnet.com
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Re: Too many news outlets have become rumor outlets
Posted by Gene [Email] (more from Gene) on Sun, 15 Feb 2009 17:49:42
In Reply to: Too many news outlets have become rumor outlets, MI-Roger
[Profile/Gallery]
, Sat, 14 Feb 2009 15:05:27
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GM has obviously planted or leaked this rumor. Negotiations with the UAW have become contentious with a February 17 deadline for achieving long-term savings plan to maintain eligibility for the auto ballout funds. GM is obviously attempting to acquire greater leverage in bargaining. The UAW would obviously fear bankruptcy proceeding since courts may, under certain conditions, void or change the terms of a current union agreement. Prior to Bush's auto ballout in December, GM claimed that bankruptcy was not a viable business strategy, as customers would not purchase cars from a bankrupt automaker.
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