Originally Posted by
Pragmatic1
Like it was said. Poor management and poor vision was the real downfall of the American auto industry. It started with the massive rise in fuel cost which destroyed the HIGHLY profitable SUV and truck market. This started the downward spiral and the tight credit markets during the financial crisis put the nail in the coffin. Neither is caused by the UAW but that was the first place they came to cut cost. Just like our current contract isn't currently cooking the goose, however if circumstances change and the company needs to cut cost, 4a2b will be back again. Would that mean we are overpaid and have lavish benefits? No. A
$5K of every GM vehicle sold in 2007 went towards retiree pension and health care. Nothing that the engineers could come up with could overcome this handycap. This 5K effects quality control, fuel economy, safety feature, and standard equipment. If you want to buy a toyota or a chevy and the bidding starts at MSRP +5k the chevy will lose every time.
I am afraid you are clueless when it comes to SUVs:
Despite gas prices, pickups, SUVs sales are strong - Mar. 1, 2011