ffpowerLN

iTrader: (1)

Good lord, mmarshall, I know that the loan is used for all their expenses and they should cut down the cost on EVERYTHING possible. For example, the management salaries should be cut tremedously since clearly they weren't doing a very good job running the company.

Yes I agree that UAW is not all the problem but one can't deny that it's a pretty big chunck of the problem.

The bottom line is that they are overpaid.

silversprucesc3

This man hit the nail on the head... :Legacy costs are unbearable. I live and work in this world and this is what brings companies down...

mmarshall

OK....we'll consider the UAW argument settled, with some agreement and some disagreement. But there are some other things, as I see it, that you DON'T want to cut costs on either. One thing is in the cars themselves. El Cheapo interiors and dull-plastic materials were one of the things that got domestic manufacturers into trouble in the past, and turned off customers (some of the Japanese auto firms, ironically, are starting to make that same mistake now). When you had, not long ago, $40,000 Buick Park Avenues and Cadillacs with essentially Chevy Cavalier-grade plastics inside, that is a situation that simply could not continue.

The G Man

Well, if those CEOs and the UAW workers didnt make so much money, they can afford to put in better ineriors