Joey

Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM

Peppio, the unions have always been there. Even when GM was doing extremely well like the 50's, 60's, 70's and 80's, only there were more Union employees then there are now. Now, its the robots doing the work with only about 1/4 of the employees GM use to have. If you check out Detroit and Flint, that is where GM has the highest percentage of GM cars and imports do not sell as well. The loyalty of the union employees is there, there just is very few of them. Besides, many of the GM cars are made in Canada, Mexico, Australia, etc. Less and less GM vehicles are being made in the U.S.