Even if there GM swaps the 49% stake it holds in GMAC for Chrysler, there is still a lot of good that can come from it.
Both companies can't cut floor staff. They can cut office staff, and they have. They can merge R&D, and trade access to technology.
The gains from this aren't huge, but they just might be enough to allow the company to break a small profit. Going into the black would allow the companies to stem a lot of the pressure coming from the stock market, and would change the narrative on the companies. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg