Friday on my mind
Pain heals, chicks dig scars, Freeones lasts forever
GM will eventually declare bankruptcy so they can tear up their ridiculously bloated union contracts and thusly cut their production costs greatly. They will also cut the Buick and possibly the GMC lines. Pontiac may not be safe either.
But even if they eventually die, Americans will still buy cars and they will demand that they be built in America. But US factory workers are going to have to kiss elaborate benefits and job guarantees goodbye if they want to complete. The days when U.S. unions held huge bargaining power are over.
I am surprised you see it that way.You know the unions have already made many concessions and I would add got spit on by the management at times when they did.Like back in the 80s when they made concessions and the management went to the board of directors and said hey we all deserve big bonuses for getting this from the workers and got millions in bonuses.
The management is way more responsible IMO for the problems at GM than the workers.One example I will give is unlike the japs who built their newer factories with flexibility to change which vehicle they could build GM spent billions on a factory dedicated to just one type of car and when that car didn't sell well were faced with eithier billions more to re-tool or operate the plant at about 50% capacity.Poor management
Health care costs which yes the unions bargained for good health care is something the Big 3 have a big problem with.But that is more a function of our "for profit" out of control heealth care system than the car companies themselves.The other car companies of the world do not have that as a cost.