What? So far all that is happened is the Imperial Federal Government has stripped the shareholder's and bondholder's of 78% (probably much more) of their equity and then handed it to the union.
The union, by the way, that is the primary reason that GM, Chrysler and Ford are in the predicament that they're in. The Union's extortion-like tactics, backed by the power of Federal Law, has made the US automotive manufacturing industry a monument to the corrosive nature of organized labor.
and all of what you wrote is not the fault of this kid. You are confusing the issue. All of the problems of GM were all there prior to this kid and it was those experienced car guys that created it, no? Try not to forget that.