GM is no longer too big to fail.
Most of its revenue comes from China. In China, Xi is culling businesses that might include GM. GM is junior pardner to all it’s businesses in China. China companies own all the GM products and the Americans are just no longer required.
I hope the UAW dies a very painful death. They stole my retirement savings invested in GM bonds
Yep, my FIL lost most of his retirement when they pulled that $%@#, and coming from the Detroit area I grew up watching that festering cancer devouring the city first hand.
I read somewhere that the UAW is in a demographic death spiral. There is something like 5 retired auto workers for every working union member. I may not remember the exact number of retired to working right, but it is a very lopsided ratio of retired to working.
Bummer, but GM was going down the tubes for two decades before the bankruptcy.