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GM and Ford will not be going anywhere any time soon. They might declare Chapter 13 bankruptcy and seek a reorganization, but that would put them in a pretty strong place. They could then get new union contracts and thereby deal with the pension and health insurance issues that they have. A lot of corporate issues in the US deal with funding pensions and paying for health insurance. Remington had an issue last year with possibly not being able to fund the required amount in its employee pension plan. There was talking of bankruptcy there too.
Now, look at Kmart. It declared Chapter 13 and once everything was finished it had enough cash to buy Sears Roebuck. Utterly insane.
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The pond, waterfowl, and yellow labs...it don't get any better.
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