Quote:
Originally Posted by widebody911
guess merging with Chrysler might be the best alternative.
Kinda like having Alzheimer's and AIDS?
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LOL.
There really is no hope, long term, for GM. A bankruptcy is IMO almost a certainty.
By way of a Chapter 11, they could get rid of a substantial continuing burden on them, ex., pension and union obligations. They could accept or reject contractual obligations, and essentially start over.
Of course, all shareholders would be wiped out.
And, of course, if they continue to build crappy cars, they still won't make it.
But even if they instantly started making only great cars, IMO they can't make it with their tremendous "legacy costs" and other costs and contracts currently in place. It's just far too much money being spent on far too many things that don't make their cars any better or their profits any higher.