This excerpt taken from the GM 10-Q filed Nov 8, 2007.
The funding of the New VEBA will require the contribution of significant assets in a relatively short period, including funding requirements for a temporary account before obtaining court and regulatory approval.
Even before the Retiree MOU receives court approval, we will begin funding an account that is intended to provide funding to the New VEBA, and if and when the Retiree MOU is approved we will be required to contribute a large amount of assets in a relatively short period. There can be no assurance that we will be able to obtain all of the necessary funding or that the terms of such funding will be acceptable. If we are unable to obtain funding on terms that are consistent with our business plans, we may have to delay or reduce other planned expenditures.