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December 11, 2008 – Comments (2) | RELATED TICKERS: GM

I saw GM's 10Q. It lists $4B PER MONTH payment to pensions and post-retirement benefits. Question: of this $4,000,000,000 each and every month, how much is the UAW throwing into the pot to keep GM out of Chapter 11??

 

2 Comments – Post Your Own

#1) On December 12, 2008 at 12:21 AM, redkat103 (66.76) wrote:

Does this mean that we have millions and millions to throw at them each and every month. I do think you need to investigate a little further then the newspaper!! Being retired on disablity out of GM. I can tell you, you are wrong.BTW,do you have an american car?

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#2) On December 12, 2008 at 3:27 AM, DemonDoug (39.98) wrote:

there is no way GM can continue without chapter 11.  it's just not possible from everything i've seen and read.  I think they can reorganize, but not as a going concern as it's structured now.

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