Denial ain’t just a river in DC:
General Motors Corp., Ford Motor Co. and Chrysler LLC, struggling for support in Congress for aid, won money-saving union agreements to delay contributions to medical funds and suspend a program that pays laid-off workers.
Today’s move by the United Auto Workers gives GM, Ford and Chrysler a boost as their chief executive officers prepare to testify tomorrow and Dec. 5 on their requests for $34 billion in financial help. Lawmakers have pressed the companies to show how they will survive and repay any government loans.
OK, fine, great. Now where’s the agreement to shutter 8.5 brands, 10,000 or so dealers and at least two management teams between them? Because until those things happen, it won’t matter how many concessions the UAW makes.