Just to put a slightly different slant on things; very often a troubled company trying to survive will be in the position of 11th-hour negotiations trying to secure funding or investment, not knowing which way things will go, and very often the management will be in the very difficult position of not being able to tell staff that there is no money to pay them (unless the deal comes off). If they do tell the staff too early there is a chance of revolt which might finish the business off regardless of what else happens.
I’m not saying that is the case here but there are always 2 sides and I’d be surprised if the management team (who are also workers at the end of the day) were not doing their best to save the company and everyone’s jobs.
It's really too late. They have debts to pay off, and dont even have a plan for a car, let alone the ability to build it. Most teams will be a pretty long way into development, with all major parts pretty much done - dont forget that we see car releases from January.