Kill the UAW, Save GM, Chrysler, Ford.
If they can’t make it after a long run of prosperity and a blip of a recession, they will never make it. The bad times have not even really gotten started.
I agree, but approximately $25 billion of the $50 billions is slated to go directly to the UAW, IIRC.
I don’t know if this will buy the UAW out of American auto manufacturing, but it will shore up pension liabilities.
The UAW is just as culpable in the failure of US auto manufacturers. I have no sympathy for either party.
The problems go deeper than just product, much deeper. One of the biggest obstacles to success it contract language that inhibits improvement. Regardless of product quality, price and market suitability, advances in manufacturing technique are fought at every turn by the unions. Little sense in retooling for a process that is antiquated.
Contract structure does not allow for reductions in labor costs. A new technique that would eliminate manufacturing labor gains the company nothing because the individual has garanteed employment rights(???). (Job banks)
Madness, simply madness. Throw all the money in the world at this system and the results remain the same—failure.