[HwyChile]

The auto companies need to go into bankruptcy and all union contracts need to be voided by the bankruptcy court. The bankruptcy court needs to allow the company to contract without union contracts.

If that does not solve the problem, then they need to go out of business for good.

[wolf78]

The auto companies need to go into bankruptcy and all union contracts need to be voided by the bankruptcy court. The bankruptcy court needs to allow the company to contract without union contracts.

With numbers like these bankrupcy would probably mean liquidation (i.e. chapter 7, not chapter 11). The only option for GM would probably be a "structured" bankrupcy, i.e. 1.) nationalization (or something along the lines), 2.) bankrupcy and 3. (re-) flotation. Current stockholders would of course lose everything, but hey, they already have (any residual value of the stock is only due to the hope for a generous government bailout, if it were a truly free market, the stock would be worth zilch).

[jackofhearts]

“The auto companies need to go into bankruptcy and all union contracts need to be voided by the bankruptcy court. The bankruptcy court needs to allow the company to contract without union contracts.

If that does not solve the problem, then they need to go out of business for good.”

It’s really that simple.