Why AIG Gets Billions While GM Gets Scorn [View article]
The Big Three doesn't make cars that we want (high MPG, quality, etc) Guess who killed the electric car? GM! I would have gladly brought the EV1, instead got a Prius.
The BIGGEST problem is organized labor. the unions' "job bank" is the most stupid thing ever (laid off workers get 95% pay) they're the ones who make the Big Three uncompetive. We can still manufacture cars in the US, all the foreign makers are successful.
Bankruptcy is the only way for them to start clean (break all the union contracts, get rid of all the pensions) and doing things the right way.
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The Big Three doesn't make cars that we want (high MPG, quality, etc) Guess who killed the electric car? GM! I would have gladly brought the EV1, instead got a Prius.
Dec 13 01:02 am
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All Comments by edtheincomeinvestor »Why AIG Gets Billions While GM Gets Scorn [View article]
The BIGGEST problem is organized labor. the unions' "job bank" is the most stupid thing ever (laid off workers get 95% pay) they're the ones who make the Big Three uncompetive. We can still manufacture cars in the US, all the foreign makers are successful.
Bankruptcy is the only way for them to start clean (break all the union contracts, get rid of all the pensions) and doing things the right way.