<<<What happens when GMs' enterprise value hits zero? >>>
A high enterprise value implies a high takeover price.
An enterprise value of zero would mean the effective acquisition cost of GM would be zero for the company buying it. GM's enterprise value is never zero because of all its debts.
Read the definition of enterprise value and you will see that a high one does not make the company a better buy.
You might be using the term interchangeably with market cap, but they are not the same.
You were saying, Kimes?
"Funding for this same VEBA account came from taxpayers and GM bondholders who sacrificed in order to benefit the UAW in the GM bankruptcy process."
We who aren't shills and aren't bagholders are honest men, to the last. We know that the govt will resort to using TAXPAYER MONEY to cover anything having to do with the UAW. The VEBA thing caught some free government cheese. The proof is outlined above in the link.
You're either ignorant, or a liar, Kimes. Which is it? Tell us truthfully for once:
KIMES: IGNORAMUS OR LIAR?
All pension plans in the United States devolve to the taxpayers by law, when they crash and burn.
Even if a pension factor was in the hands of the union, well, they hold a large portion of GM stock. So it's linked to the stock no matter what.
" yet all GM could manage was $4.7 billion, even though they pay few if any US federal income taxes!"
GM's net margin is among the highest in the industry, in part because of DTA. Nice to see you acknowledge value of DTA to the New GM.
" And part of THAT profit was from an asset sale of its Saab subsidiary, which they spent nearly a billion on, and dumped for $74M"
Uhhh, how do you profit from buying high and selling low? Or, is this more muddy thinking?