Originally Posted by 130_R
Until the auto workers unions wake up and realize they are partly to blame for this mess things won't get any better. GM is a mortgage/healthcare company first, second, third, fourth, fifth and car manufacturer somewhere in the six to eight range.
When in doubt, blame workers and unions. Don't blame the corporate execs who haven't the first idea how to build decent cars, but can throw a party that would shame a Roman emperor.
And don't blame the out-of-touch cretins on the board of directors that throw gobs of money at the corporate guys, simply because they are addicted to their carefree, billion-dollar lifestyle and couldn't care less about their blue-collar employees or even their products.
GM/Chrysler/Ford have been cutting jobs, eliminating whole factories, and generally encroaching on their workers' livelihoods for the past twenty years. Has it helped them? No. Because most of the money they saved went right into the pockets of the higher-ups, rather than being invested into making better products.
GM and Chrysler are a perfect example of why American businesses are ill-equipped to survive in the global business climate: because American businessmen are mostly unconcerned with the health of the companies they run. They are mainly concerned with earning as much money in as short a period of time as they can.
The sad part is that they won't learn. If they get the money they want, they will continue to slash jobs and destroy lives, because their CEOs won't give up their pay or their perks.
When it's all 'over,' and they've slashed all the workers they possibly can, and defaulted on all the pension obligations they possibly can, they'll die along with the towns their factories supported. Because so many fewer people will have jobs, the demand for their inferior products will be almost nil.