Quote:
Originally Posted by charlie g
To a point Tony. Thing is, the problems with GM are till there. They till have huge pension problems, productivity problems and labor problems. They absolutely can not compete with Japan or China manufacturing automobiles. The workers aren't going to take pay cuts, the pensioners want what was promised.
GM is a microcosm of the US.
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You cant really survive with a job building cars for $15 a hour. Japan has an advantage they have socialized medicine.They saves alot of costs. No one can compete with china when they pay 30 cents an hour.