Could the UAW buy GM?

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Felix Salmon at Seeking Alpha says the short answer is, yes, but it probably won’t.

With the newly draw up contract between the UAW and GM, the automaker will transfer almost $30 billion into a what is basically a health care fund, with another $5 billion to $7 billion added down the road. As Salmon says, that’s more than enough to just buy the General outright, essentially turning it into an employee-owned company.

[Source: Seeking Alpha]

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