Nardelli a cost-cutter? Heh.
Translation: "UAW, ... Kiss your ass goodbye!" .................. FRegards
I just bought a Crossfire Roadster three months ago. I hop I can get parts.
I guess you need to build a track record of incompetence if you want to be a CEO these days.
“amid contract negotiations with the United Auto Workers union aimed at reducing hourly labor costs in areas such as health care.”
It’s aimed at the health care costs for retirees. Before everyone begins slamming the retirees and UAW for their negotiated health benefits, I’d invite you to take a look at your city and states retirees.
The benefits for the retirees are from sales of vehicles and company profits over time.
The city and state retirees, especially in my area get comparable benefits, yes, almost the same as the UAW, but those are paid by YOUR property taxes.
~And every year, as the benefits rise, so do your taxes.
So, you can harp on the retirees benefits that will be slashed in any event that are paid for not out of your pocket but out of profits,
as
you are silent on the increased property and personal tax for city and state employees.
Word to Chrysler, GM, Ford....
While you were busy bleeding red, Toyota turned a record profit this past year (and quarter).
Take at look at their business model - see a difference?
Bob Nardelli at Cerberus will be interesting. Wonder what Jack Welch thought of Bigga Bob’s performance at The DEEP.
First, kill all the unions......
All they have to do is build better cars at a better price.