Tell Me Again How They Went Broke

The night before taking their tin cups to Washington, the Detroit Three will meet with the UAW:

United Auto Workers officials will be asked to reopen a 2007 labor agreement, said one person familiar with the forum, who asked not be named because it’s private. Two delegates from each UAW local are invited, according to a copy of a letter obtained by Bloomberg News from a person planning to attend.

GM, at risk of running out of operating cash this year, wants to stop paying union workers when plants are closed and there is no other work.

Imagine that.