GM- Doomed

Bankruptcy Awaits...Here is the latest news on the GM debacle.

-Bloomberg reports that GM & the other car makers posted smaller than expected sales numbers for the month of March.
-In an effort to increase sales numbers the same automakers spent a record amount of incentive programs to lure in customers. (Lets see, higher marketing costs & lower sales revenue, hmm...)
-CEO Obama says that there will be no financial support for GM for their June 1st debt payments. (1 Billion at 1.5%)

Newsflash- The UAW needs to make some sacrifices and for some reason they won't come to the table. It makes no sense to me. The UAW has two options, make concessions while they have some political capital with the Democratically controlled DC crew, or sit in front of a BK judge who will take a proverbial weed whacker to the union contracts.