Do all the union contracts go “poof” under these filings?
Given the proposed tax increases and the potential of Card Check appearing in the next two years (mandatory unions, folks), can you blame Toyota? Hell, can you blame anyone?
You’ve heard the old saying, “As General Motors goes, so goes the nation”?
Obama is tearing this country apart while America sits in stunned silence.
WOW. If GM is truly heading into chapter 11, that is good news. Hopefully they can break the UAW once and for all.
The Big 3 should have filed for bankruptcy protect and reorganization BEFORE Obama began his socialist rule. They could have cleaned up the union millstone around their necks and started producing quality vehicles at competitive prices as Toyota and Honda can.
Simply, it could have saved them. Bad management decision.
Okay that one hurts, but business wise makes sense. Get out now while they ahead.
Hopey Changey in action.
Toyota closing plants .. that doesn’t make sense. Cutting production is one thing, but closing ?
Have they cleared this wit Obama?
CAN they file bankruptcy without the Gubmint declaring bankruptcy, now that they are the new proprietors?
It doest smell right, but it smells like a fights brewing.
None of the Detroit papers online, nor the radio stations that I’m streaming live, have said anything about this.
This car industry revival brought to you courtesy of new CEO Barack Obama.
But...HEADLINE IS MISLEADING...as has been said all along...story is that bankruptcy is an OPTION.
Don't get me wrong...I hope they do declare bankruptcy. Actually, since Obama seems to think he knows how to be a CEO better than anyone else in America, I hope GM goes completely under...
...but...the headline of this thread is misleading...for now.
Here we go.
‘Bout time.