Quote:
Originally Posted by preciousjeni
It would be nice if they would declare bankruptcy, rework the executive salaries and renegotiate/terminate the union contracts (it's incredible how much money the union workers make) that are killing the companies.
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The same Union seems to have two different pay scales for the same jobs. There is, per several news stories, a $10-$20/hr wage difference between the Big Three and the "Imports".
Or put another way, it costs the Big Three $2-$3000 more per car to build.
And BTB:
"Plane facts: GM cutting back fleet
Automaker downsizing to 3 jets; Chrysler owns none while Mulally, family use Ford aircraft.
Robert Snell and Alisa Priddle / The Detroit News
General Motors Corp. has been thinning its corporate jet fleet. Ford Motor Co. continues to explore ways to curtail travel expenses. And Chrysler LLC doesn't even own planes anymore.
The CEOs of Detroit's Big Three didn't mention those facts this week when lawmakers chastised them for arriving in Washington on pricey corporate jets to appeal to lawmakers for $25 billion in emergency loans.
"From a PR standpoint, it was a nightmare," said Michael Layne, a partner in Marx Layne, a public relations firm in Farmington Hills....."
http://www.detnews.com/apps/pbcs.dll...59/1148/AUTO01
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