Quote:
Originally Posted by cobra bill
Labor costs for building cars is 10% this has not changed since they were the #1 auto manufacturer, GM problem is they got their fingers into all the same bad banking practices, GMAC financing was into mortgages auto loans as well insurance, and all other sorted banking practices, there greed demanded that they too must make a 37% growth every year, not realistic nor sustainable. So stop sucking up to the corporate troff, and drinking form the Kool-Aid it's not the labor cost.
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Wrong again, cobra (space) bill - GMAC was always a profitable entity when it belonged to GM, it's now a separate entity and a financial institution. Money was lost at GMAC in recent years, but GM's issues are separate and apart from GMAC.
With that said, keep on strumming and coming up with the liberal view......