The UAW needs a little tough love. It derailed the Cerberus deal at Delphi. Today GM suffers a loss of about $2,000 per vehicle sold. On the other hand Toyota whose employees are not part of the UAW earns a profit of about $1,200 per vehicle sold. If GM was able to operate with labor prices near Toyota's it would have pocketed an additional $29,715,200,000.
Spring Break
Jason
posted 11/19/08 @ 5:27 AM PST
http://nomedals.blogspot.com/2008/11/gm-bailout-makes-no-sense.html