How come just the Big 3 are tanking? They still sell cars don't they.
I don't see Honda and Toyota and Nissan with their hands out ... they make a crap load of cars in the US and are still turning a profit ...
Legacy costs are a major factor in GM not making a profit on its cars. Toyota and GM sold the same amount of cars last year. Toyota made a profit GM did not. japan also subsudizes their auto plants. if GM had no retiree pensions and health care to pay for they would do a lot better.