""The downside of good benefits. Ultimately, as American automakers market share shrank, those benefits became very costly. Ultimately, automakers ended up paying for far more retirees and far fewer workers.
GM, for instance, pays benefits to about 650,000 retirees and surviving family members while it has about 70,750 current employees; including both union and non-union workers.""


http://money.cnn.com/2009/05/27/auto...ce=yahoo_quote

One person working to supply benefits for ten people retired. That is insane.

Will bankruptcy ultimately save the auto giant, or is it just another phase of their death?