Nice to see the interest in this subject.
Oh, I did not post the more informative, and the original source of this information which can be found here:
GM admits Volt doubts - Autocar.co.uk
Old Mechanic: Some of that money went to bond holders if I'm not mistaken, and I'm always hearing from the retirees how they feel they got the shaft and the working guys got a better deal. This makes sense because the retirees can not vote in union matters, only the UAW members that are still working for GM. It's funny to me to hear both sides on this. On one side we often hear from people that claim the union bought the President etc...
And, I know for a fact the retirees mostly feel they got the shaft and many openly express their anger in the UAW newspaper which I have read. Many GM Retirees express their anger at The President. Shesh, please nobody dig any deeper into politics than me, because I wold hate to see this thread go bad..... It's just strange when I hear voices from opposite sides both expressing anger to the same person in Politics (or such members). Wow is this country ever more polarized than ever, I feel like it's 1861.
Great points about this being a ploy by G.M. for more money. You can bet the UAW is full of anger right now, they seem to feel betrayed by everyone and many voice their anger in publications. What top levels of management at GM says very well could be a ploy. Many wonder why they were in bankruptcy for like 60 days! How many businesses go in and out of bankruptcy so quick? Many think it was a ploy to get more from the union. I can tell you first hand that it appears many of their members are just as angry as the average taxpayers are at GM. GM is almost as popular as Health Insurance Companies right now, it seems even their "friends" do not trust them fully. And I happen to be one of those guys.
Peace.