The truth is.....GM made money up until 2006 when oil/gas prices starting going throught the roof. That's when they began to lose sales to their competitors because they did not have a lineup of fuel efficient cars.
The "truth" is that even Toyota is expecting losses at this point -- certainly, you wouldn't blame THOSE on building the wrong cars, right?
Uh.....GM's first down quarter was in 2006. TM has yet to report a down quarter although its expected that the December half will be negative. Why do you defend the indefensible?
Reality? GM was drained, year by year, as a result of horrible contracts with UAW. So, when the first significant downturn hits, they can't weather it. This has nothing to do with building the wrong cars and everything to do with paying employees more than their value.
I see.....it had nothing to do with the CEO getting $16 million per year, myriad bonuses and expensive salaries for the rest of mgmt, 7 corporate jets so that the wives could fly to FLA during the winter, etc. I am so tired of you speaking from your book. Do you ever think for yourself?
Because Toyota, Nissan, and others aren't carrying the burden of ridiculous Detroit union contracts, when times get tough, they lose money, but they're not tapped out, so they can come back without bankruptcy.
Its called mismanagement. GM suffers from serious mismgmt. The whole world knows it except you and some other GOPers.
GM will, ultimately, require a bankruptcy which wipes out its UAW agreements to get back on its feet.
Again, this stuff is way over your head.
Only because you are so ill informed. |
