|
|
Posted by Ed Tavernier on Monday, March 30, 2009 at 21:58:16 :
In Reply to: More from the AP posted by chewie on Monday, March 30, 2009 at 20:28:17 :
Chewie,
GM has lost money on every vehicle made by them for 5 years.
Every vehicle.
They agreed to the UAW demands so the UAW is not to blame. However over $7,000 of every car or truck made by GM went to retired, or injured UAW workers; to their retirements, medical benefits etc. GM agreed to take care of every financial demand in the contract, and should be held to honor those agreements.
However they should have realized that selling every car and truck that they made at a loss would not be productive.
The UAW should have realized that asking for all that they did, they were committing the company to financial ruin.
Above all the executives that agreed to allow GM to foolishly capitulate to the UAW demands should all be fired. And no multimillion dollar severance packages.
FIAT has no role in any of this. Obama is looking to find somone to subsidize the socialization of the US... if the ploy succeeds he wins; if not he has a foriegn scapegoat.
If FIAT has any brains they will not touch this until GM crashes and they are sure about what they are getting into.
Eddie
Follow Ups: