[Lucius Cornelius Sulla]

Most folks are not talking about shutting down operations of the auto companies, just reorganization under bankruptcy. The result would be the removal of management and the loss, maybe total, of stockholders value. Contracts which are not supportable, basically labor agreements, would be voided and renegotiated at an affordable level.

[captnorb]

The UAW should loan the money to GM; they have more than enough money in their pension fund to assure continued operations for a period of time. The union, with GM management is culpable for the majority of the problems; with the government regulations and the economy accountable for the rest.As you suggest, the best course of action would be bankruptcy allowing the reorganization, if feasible.