he told me last week that an announcement has been made that they will all become GM employees again by June 1st. The y were told not all would be retained...both white/blue collars will be pruned back BEFORE being taken back into the GM fold. Now why hasn't this come out in the news (or I missed it).

There will be an automotive industry with or without the American owned auto makers. The industry will not fail.

I am a staunch advocate of the chapter 11 scenario for GM, having been with a major corporation that went through it. Repeating...get rid of the CEO, get rid of the existing board of directors, disenfranchise the unions, decentralize controls and measurement points, generate a plan that specifically accomplishes the intended goal to come out of chapter 11, work the plan, get rid of anybody or any part of the organization that does not add value.

One cannot address fixing GM. Surgery must be performed on the individual elements that make up GM. Decentralize. Winners stay...losers go...entities as well as people.

Having to report periodically to the courts on the accomplishment of the goals is built in. For those companies and employees serious about making it work, failure is not an option. Work the plan, meet the numbers/objectives....keep the government out!!!

It is no different than talking about changing the government of the USA for the better and keeping the same structure and the same losers in the same jobs that have taken it to where it is today. Proof positive....it does not work.
And most of all words and fancy speeches don't get it either...roll up the sleeves, get the scalpel out and go to work. And oh by the way, bring a cot to sleep on when you get a chance, because by necessity the days for the survivors are long and arduous, the rewards at the end are well worth it.

My personal perspective. I am not tolerable of speeches...only plans and results...all else is secondary (and political).

BTK