You missed the main point, to-wit: GM is doing well at everything they can control. What they can't control is the UAW demands. GM UAW employess earn an average (all in for health care, retirement etc) of $78 per hour. Average labor cost in the USA is $28 per hour. Other foreign auto companies are not unionized and pay far less in labor costs.
What you are doing is repeating rumors without doing any research to find out the real cause of GM's trouble. No company can survive with that kind of labor cost differential.
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You missed the main point, to-wit: GM is doing well at everything they can control. What they can't control is the UAW demands. GM UAW employess earn an average (all in for health care, retirement etc) of $78 per hour. Average labor cost in the USA is $28 per hour. Other foreign auto companies are not unionized and pay far less in labor costs.
Nov 17 16:50 pm
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All Comments by Einstein »Let GM Fail [View article]
What you are doing is repeating rumors without doing any research to find out the real cause of GM's trouble. No company can survive with that kind of labor cost differential.