Further, one of the reasons that foreign competition was so hard on Detroit is:
The competition could build NEW PLANTS and use NEW technology! America was, somewhat, stuck with old fashioned plants and equipment, and upgrading was harder.
Also, I respect Ford for not asking for taxpayer funds, but you are completely WRONG if you think Ford is financially healthy.
In fact, if Ford survives, it will be because Ford will be able to MAKE the SUV’s and trucks that Obama will not let GM make, anymore!
Back to Unions: Unions stand in the way of innovation and productivity. Unions intimidate members to vote and strike and do whatever the bosses want. Unions rip off benefit funds, health funds and retirement funds constantly.
Type “labor union crimes” or “labor union corruption” into your browser!
The energy price fluctuations, on top of the enviro regs, on top of the financial collapse all contributed.
However, if the labor unions had not forced impossible salaries and benefits onto these companies, they would be MUCH better off!
True dat.
The F-150 remains one of the most popular vehicles out there.