bobdog
2009-06-05 02:20:07
GM failed for three reasons:
1. They stopped producing cars people wanted.
2. An enormous and unsustainable debt load.
3. The toxic work rules and unsurvivable cost of their union contracts.
Throwing billions at the problem, forcing the manufacture of cars people don’t want at prices they won’t pay, without dealing with the suicidal union work rules and costs won’t change that.
We’re pumping blood into a corpse.
