Why would the Auto Executives sign a labor contract that they knew they could not afford?
Reminds me of a little computer humor back in the day.
What do you get when you cross an auto executive with a vampire?
autoexec.bat
Well then you tell me how they got in this mess? paying union workers that are layed off maybe? Obviously their labor costs are higher than the Japanese auto manufacturers. Are you saying the union isn't to blame for GM's troubles? HOGWASH!
Otherwise the UAW would shut them down. GM doesn’t stop expenses when the factories stop producing
Many reasons - they're held hostage by union bosses who can shut down the entire process with sole source parts from one plant (like they did in Flint with brake linings) and just in time mfg keeping inventories to a bare minimum, partly greed - hard to say no to Joe line worker's request for a lower co-pay when the boss is pulling down $44 million a year, and part wishful thinking that things will always get better and if they can just hold on long enough for retirement, it'll be someone else's problem.