s-o-o-o-o sorry.
gm's bloated management, over-paid unions, poorly-designed cars, and resistance to change finally emerge.
the fact is--toyota's and honda's have more quality.
This needs to happen to GM. Lagging designs will be fixed once they finally get it. It'll hurt for a while but they'll be better for it in the long run.
You are absolutely right! GM and GMAC bonds are border line "junk bonds". Should GM continue to mess with the employee benefits, a strike will be called and the once powerful GM will be history.