
Bulky GM Looks Bound for Bankruptcy

By Jonathan Heller
About this article:
I have very mixed feelings about the plight of General Motors . The financial side of me believes that the company will (and probably should) go under, crushed by the weight of post-retirement liabilities that may never allow the company to again be competitive and a product line that is both too broad and too reliant on trucks and SUVs. They also seem to lack that one killer brand-name product (that holds its resale value) such as Honda has with the Accord, or Toyota has with its Camry.
For me, there's another side to this story, the one that would like to see GM work through its many challenges and regain the status it once enjoyed. Here's why: my grandfather spent 38 years at a GM plant in Trenton, N.J., as that facility's master heat-treater. He retired long before the money was really good, but...

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