Grim Outlook for US Auto Industry
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I blame most of the problems with the UAW. Unions have got away too long with threats, violence and intimidation. Sure, the GM senior management were short sighted, but the union tied their hands behind their back.
SBha30 3 years ago
The reason for this is simple: When the auto industry stopped making sub compact cars and focused(No pun intended)on the low mileage SUV's they were setting themselves up for a fall when gas prices spiked after Katrina.
Its really ironic they're talking about the effects on the economy when they started outsourcing jobs years ago to raise their profits.
If we bail them out, are they going to re-open the factories here or move those operations(AND JOBS) to Mexico and India?
airdriver 3 years ago