Richard Wendling

Pre-packaged Bankruptcy Is GM's Only Option - Barron's

The $70 dollars an hour is an accurate number. No the employee's making the vehicles don't make that much but when you factor in health care costs, retirement, insurances, vacations, bonuses and the like this is where the $70 number comes in. Its not a real number as far as payout is concerned, but it is a real number when factoring in the cost of labor to the price of a vehicle. I worked in the auto industry for 33 years and that's how I know.

Richard