[Dom]

Declaring bankruptcy would void those contracts. They should declare it then ask for a loan. Best of both worlds for them. If they get the loan before it will get eaten up really quick by UAW.

I blame the unions and upper management. If they made cars people want to buy they wouldn't have problems paying unions their high salaries. Since they don't they don't generate the revenues needed to pay the unions and now that becomes a problem. So bottom line they have to make better cars and negotiate better contracts so they can sell these cars for less. Nothing wrong with better and cheaper cars.