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GM, Task Force preparing for "Surgical" bankruptcy


Fords#1Fan

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The plan, which needs to address every aspect of the company, aims to make the bankruptcy filing as quick and painless as possible so the General can avoid tarnishing its already damaged image and stem the sales slide experienced over the last six months.

 

http://www.autoblog.com/2009/04/13/gm-task...cal-bankruptcy/

 

http://www.nytimes.com/2009/04/13/business...tml?_r=2&hp

Edited by Fords#1Fan
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I wonder what the cost/benefit is on Federally securing the GM portion of the UAW pension and medical funds, and then letting GM go bye bye, along with Chrysler...?

 

Does anyone know what was the retirement plan for GM and Chrylser white collar workers?

 

Chuck

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