[lOKKI]

GM doesn't want to avoid bankruptcy.

How else are they going to get out from under their crushing insurance and pension costs that the unions have trapped them in?

[A CA Guy]

Exactly, bankruptcy is the way they lay off all their union pensions on the American public to pay.

When they do it, we should make GM go out of business by never buying another car from them, or any product from companies that do the same thing in bankruptcy.

[balrog666]

GM doesn't want to avoid bankruptcy. How else are they going to get out from under their crushing insurance and pension costs that the unions have trapped them in?

Ding, ding, ding - we have a winnah!

[TheOracleAtLilac]

get out from under their crushing insurance and pension costs that the unions have trapped them in?

Contract provisions may be just as onerous:
I remember when the Van Nuys plant (Camaro) closed
laid off workers were on "the payroll" for 2 more years @ 90% salary

[H. Paul Pressler IV]

Perhaps GM should design and build vehicles that are in comparable quality to Honda and Toyota.

[grey_whiskers]

and soft sales slashed its cash horde

Either someone didn't spellcheck or they confused GM with those Vikings from the Capital One commercials.

[Mr. Burns]

How else are they going to get out from under their crushing insurance and pension costs that the unions have trapped them in?

The unions didn't "trap" GM. GM trapped itself by being all too eager to sign a deal without any strike action. Decades of looking at only the short term costs of strikes without comparing them to the long term implications of generous deals are the "root cause". Wisely are not, they are signed contracts, and no union could or should let them off the hook.