re: #488 Killian Bundy
GM is going to declare Chapter 11 because the UAW won’t play ball.
3wood already posted a link to the story… which has been developing for some time.
GM is trying to blackmail the taxpayer, Congress, and Pres. Obama. Furthermore, the management knows quite well that the unions are their friends here, given that the Democrats will have a hard time saying no to the unions.