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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (437606)12/2/2008 4:41:39 PM
From: tejek  Read Replies (1) of 1574002
 
Third, without the UAW, GM would have an average unit cost per automobile close to that of non-union Toyota. Toyota makes a profit of about $2,000 per vehicle, while GM suffers a loss of about $1,200 per vehicle, a difference of $3,200 per unit. And the far greater part of that difference is the result of nothing but GM's being forced to deal with the UAW. (Over a year ago, The Cincinnati Enquirer reported that "the United Auto Workers contract costs GM $2,500 for each car sold.")

Uh......assuming this is true.......given that this is a professor from Pepperdine of all schools....I have to wonder about its validity since I thought car companies were fairly secretive about their profit potentials.

One also has to wonder why mgmt approved union contracts that guaranteed they would lose money with each car they produce.

Something doesn't make jive with the good professor emeritus's thesis but then I don't have an MBA. ;-)
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