[meyer]

It adds up if you add the money being paid to past retirees. The people working today DO NOT get over $70 in bennies and pay. The way the figure is used is a lie.

So if they just stop paying those pesky pensioners, they'll be able to turn a profit?

Bottom line - It costs the big three around $3000 more in labor costs to build a car of equivalent size, features, and quality as it does a non-union manufacturer in the US. That's why Toyota is making money and GM is not.

Only the big 3 can turn that around, and the only way to do so is through chapter 11. Otherwise, they'll be stuck with the same costs and obligations and will require monthly bailouts funded by the taxpayers. And I'm one of the taxpayers.

[raybbr]

Bottom line - It costs the big three around $3000 more in labor costs to build a car of equivalent size, features, and quality as it does a non-union manufacturer in the US. That's why Toyota is making money and GM is not.

Is it strictly labor costs? What about regulations, taxes and government interference? Why does everyone put the full onus on the labor?