The only way for GM to ever make money at making cars is to shed it’s benefits and health care for their retired workforce. My suspicion is that Uncle Sam will soon be paying all those debts as way to provide future viability without Union Labor having to make any additional concessions.
It’ll be the test case for the gov’t creating the complete welfare state that it seems to want to be. Think Social Security, Medicare, etc.. all rolled into one. And B.O. will make the case that he is only helping out the ‘workers’ not the corporations or shareholders.
Seems like he’s selling Chrysler down the river, or to the Italians.