Change we can beleive in

[TIGERJC]

They would simply go into chapter 11 and re-structure. If it wasnt for politicians the Big 3 might have a chance to dump the UAW and actually become profitable again.

The UAW is just one of their many problems. I get sick and tired of people saying the union is the reason why Detroit is failing. When Detroit was making money, they still made bad decisions like not seeing that suvs and big trucks sells were not going to last.

[hondachik]

The American Automakers bullshit had to be failing plenty of years in the making and they knew it. You kinda hire people to keep up with your profit on a day to day, month to month, and year to year basis. If they saw this BS coming and didn't try to stop it from happening, its on them. You all can't group up at the last second and decide you want an economic bailout just months before Bush leaves office. Kinda puts him in a hard spot, just like it put Obama in a bad spot when he came in to office. With all this BS going on with the US in the past few years (including Iraq, healthcare, medicare, medicare, social security benefits).....the US = Failure.

[One_Bad_SHO]

With all this BS going on with the US in the past few years (including Iraq, healthcare, medicare, medicare, social security benefits).....the US = Failure.

You should move to France.

[BanginJimmy]

The UAW is just one of their many problems. I get sick and tired of people saying the union is the reason why Detroit is failing. When Detroit was making money, they still made bad decisions like not seeing that suvs and big trucks sells were not going to last.

The UAW is the reason detroit is failing. Because of their political support they can bully the Big 3 into pretty much any contract they want. Until recently, GM sold more vehicles than any other car maker, yet they were losing money. Why do you think that is? The legacy costs imposed my the UAW. Things like 95% retirement, and amazing medical coverage. The UAW prevented any type of 401k or other pension plan as it may not be worth as much.

You can try to spin it any way you want, but GM pays about $70 per man hour to build a vehicle while Toyota pays about $45. Yet a comparable Toyota costs more than a GM. This allows Toyota to keep more cash on hand to weather these downturns far better.