re: #222 Obdicut

How could they have gone through a chapter 11, Rogue? Who would have lent them the money necessary to go through it, in the middle of the credit crisis?

It’s not about borrowing money, it’s about re-organizing. Their biggest problem was their labor/legacy costs. They managed to get it down to $58/hr during the bankruptcy but it’s still roughly $20/hr more than KIA and Hyundai.