Obama will not let it go bankrupt. He will keep it alive on his terms. It will become more and more expensive to keep it going and he will keep pouring our money in. Wealth transfer to the UAW. He will bankrupt the USA before he lets GM bankrupt. Because the deliberate destruction of the whole country is his plan. Finally — a politician who keeps his promises!!! BROTHER, YOU ASKED FOR IT!
There is a serious dilemma with the UAW. Everyone knows that until the union stranglehold is released there is no hope. The question remaining is “ what must stockholders/debtors do to assuage the UAW ?”