market share they hold will be filled by "some auto company". The volume of cars needed is not going away! That void will be filled by either the newly formed/organized company or a non US auto maker manufacturing here in the USA. Hence the millions of jobs will not just go away as new capacity will be required to meet the new market share volumes.
I say thumbs down. As I have maintained all along there will be a reorganization under the guidance of the courts. It may be the only way to break the back of the unions. When I read they (unions) are reluctant to give back what they have earned over the last 75 years they make me laugh

Now just how many jobs have been lost to either foreign auto makers that relocated to the USA and their suppliers over the past 75 years? Jobs lost earned by unions over the last 75 years. With the unions in the scenario there will be no gain. Organized labor....an oxymoron if there ever was one!!! Therefore do what ever it takes to give the new company an enema and flush out all the bad stuff....unions and ALL other non value adding positions. Pull the plug and start over. Yes it will be painful for some but beneficial for most....just like major surgery...painful with the promise of better days in the not so distant future.
All they have to do is look at the non US auto manufacturers and do it.
BTK