I am not a union person. BUT the auto companies have a lot of years of legacy costs the the newer southern plants do not. They have state of the art plants and huge tax breaks for moving to southern states.
The Big three have to get rid of the jobs bank, dealerships (way too many) and generally lower costs (stop paying people when they do not work). They can not do all that under the present contracts. What most people do not know is that they have made great progress in this direction.The have lowered labor costs for any new hire.
I am worried that a bankruptcy on one hand will do that but on the other they may go under in the process. I don’t think people will buy cars from a company under bankruptcy. (Worried about service and warentee) There are no good answers.