If they get rid of all the union contracts they can actually be profitable. At the current time there are more people that are getting full pay in retirement from GM than there are actual employees at GM.
Yes some people love the unions. They are wayyy overpaid for the job they do though. The import car makers don't put up or deal with the union type **** at all and that's one of the big reasons they are not hurting at all.
In the hearings that have been going on with the bigs 3 CEO's the GM CEO stated that the tightening of the credit market and the beginnings of a recession are why the american automakers are hurting and need to be bailed out. Well, none of the import companies have their hands out or even need to. Geee I wonder why that is. I'd love to get paid $60 an hour to stand there and put wheels on a car all day. That's ****in' gravy.
well put, southern detroit is doing ok right now.