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  • Tough Love for Detroit Is Long Overdue
    Currently GM is a pension fund that makes cars, not the other way around. Until they get rid of the legacy costs there is no way they can compete with the other manufacturers around the world. The UAW and CAW are awful and destroying their own industry. They keep saying "we've already given up so much, and we won't give up any more". Well thats all good and well if their companies are going to survive, but it brings up the old adage, "whats 100% of nothing worth?" They can keep all their post-retirement benefits, but if there's no company left they're worthless.
    Nov 18 15:26 pm |Rating: 0 -1 |Link to Comment |View article
  • How Is GM Still Alive?
    GM is basically a pension fund that sells automobiles. They're hopeless.
    Aug 01 14:05 pm |Rating: 0 0 |Link to Comment |View article

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