Reply #7: Umm, just a thought, but the UAW and Uncle Sam are the GM executives now [View All]

[Psephos]

All that remains left to do is the ceremony.

You don't seem to understand that GM isn't sending small-car jobs overseas. GM doesn't build econoboxes domestically. It can't, without losing money. In fact, GM has not made any net profit in North American car operations for many years. Its overseas businesses subsidize North America.

Meanwhile, unless the UAW agrees to some radical cost reductions (by bargaining with itself? lol), GM has two choices regarding economy cars. Import them from its overseas operations, or not sell them. Competitive small cars cannot be manufactured at a break-even under GM's current cost structure in North America. Most of the problem is not the wage paid, but the groaning benefits load (especially the one million+ people drawing gold-plated legacy bennies), and the work rules. Yes, it would help if the autoworker hourly wage regressed a bit toward the US manufacturing mean, too.

This isn't just my opinion. This is now the official Government Motors finding.