<VV> Interesting GM cars - NO CORVAIR

[Bruce Schug]

On Sep 9, 2005, at 9:19 PM, Bill Elliott wrote:

> Car companies typically go bankrupt because they cannot mae a car the 
> public wants to buy at a price point that is reasonable. Due to the 
> labor costs that
> GM has to endure, it's a wonder that it's lasted as long as it has.
>
>

*SNIP*

The most interesting idea I've heard regarding GM's financial troubles 
is that they should spin-off GMAC. They make money and could make a go 
of it. That would leave the car business to file Chapter 11. THEN... 
they could negotiate with the unions and end up with a reasonable cost 
structure that would allow them to be competitive and profitable. 
Unfortunately, some blue-collar workers would no longer make $80,000 
and have incredible benefits, but then, life is rough, isn't it?

Bruce

Bruce W. Schug
CORSA South Carolina
Greenville, SC
bwschug at charter.net

CORSA member since 1981

'67 Monza. "67AC140"