Not Ranked
Who is going to buy GM's cars and how is the company supposed to make a profit or at least break even? One of the major problems that the Big 3 have is the total cost of labor including all of the costs associated with retirees, health, etc. I have to assume that if the UAW assums ownership of a good percentage of the GM stock (in exchange for concessions) it will not be very long before the UAW will be cranking up their demands again. GM costs will continue to be out of line meaning that they will continue to lose money. They will be back in Washington in another few years with their hands out again looking for more govn't support.
Wayne
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Don't get caught dead, sitting on your seat belt.
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