GM failure: The shockwave

[sweeps]

If General Motors really does run out of money by the end of the year, as it predicted was possible, the impact would be felt far and wide - to hundreds of suppliers, rival automakers and ultimately dealers across the nation.

"Once the first domino falls, it rapidly takes out all the other dominoes," said Dennis Virag, president of the Automotive Consulting Group.

GM failure could fracture the industry - Nov. 14, 2008

[maat55]

IMO, they need to fail in order to succeed. They have to lower their compensation contracts with UAW to be able to compete. I'm surprised that the workers aren't revolting from the union to save their jobs.

[snafu]

Does this include the GM Plants in Shanghai, China?