It’s your right as an American to buy what you want. If GM made better cars than say Honda, then I would expect their sales to exceed Hondas. But how can a citizen, average American, who makes say $20.00/hour afford a car made by someone making $75.00 per hour? What are the legacy costs you refer to? Capitalism should allow a non-profitable company to go under. The Big 3 make profits in other companies like Brazil. That’s because there are no unions in Brazil, and probably no EPA creating unreachable cafe standards. I don’t want a depression, but I don’t want my grand children paying for fat cats in Detroit to fly around in private jets either.
They sell a lot of Chevys but they have too many lines. In the reorg they will drop 3 lines. And if you read the article line workers do not make $75.00 per hour. Factored into that is their retirment health care both while working, taxes paid, and a bunch of other stuff. You can read about it at Hearitage .Org. The average guy makes about 60K
Legacy costs are the health care and retirement benifits of all the retired workers for the last 50 years.
I am just saying that it will be a pyrimid effect. if GM and Chrysler go under so will supplier big and small and everyone who services those suppliers and all those auto workers. It will in my opninion cause a depression. We are talking about 3 million people here.