Quote:
Originally Posted by xwing1 
GM NEEDS to go bankrupt and re-emerge with a payscale for ALL its administration/employees that is on level with what the foreign car makers here in USA are doing. Otherwise we are throwing billions down a hole with no bottom.
GM will not "disappear" if they go through bankruptcy; they will re-emerge leaner, meaner and with a pay/pension situation that gives them a real chance of SUCCESS.
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This argument sounds great on paper.
I'm sure someone made it to Delphi.
I don't see how GM will not be liquidated to foreign manufactuers if they declare BK. I love GM as much as anyone, but I would never consider buying a car from a bk manufacturer. That is like buying an extended warranty from Circuit City when you could go right down the street to Best Buy.