Automaker Pension Underfunding and challenges for the future
2010 Buick Enclave - $36,290 to start and just 19 mpg combined? The new GM and the new Chrysler that were established during each company?s bankruptcy process in the summer of 2009 assumed sponsorship for all the old companies? U.S. defined benefit plans. Although the pension plans have been maintained, their future remains uncertain. According to current company projections, large contributions may be needed to comply with federal pension funding requirements within the next 5 years.