Poor price to pay for 700,000 overpaid union votes.
It’s not too early to start thinking about how the next great crisis in the auto industry will shake up the world.
With the general economic slow down worldwide, declining auto sales and uncertainty surrounding the future direction of the automotive market, another automaker meltdown isn’t out of the question.
And because the high profile federally-financed bailout for GM has generally gotten poor reviews from politicians, voters and Wall Street, General Motors is a good place to start to look at what the next automotive bankruptcy could entail.
Already there is at least one suit pending that threatens to undo the work...
All the above is 1st hand experience, and yes, now I'm one of those retirees who have had their Medical benefits slashed. I do buy American and will continue to do...
Even tho I have to look on these pages and watch those fellow Americans who are complaining about no jobs and the economy trash us. If we all quit buying American just how long do you think your jobs would last?? Think about it!