<VV> Interesting Article about GM, Bob Lutz in Time -- NO CORVAIR
Ron
ronh at owt.com
Mon May 22 15:51:09 EDT 2006
That clearly shows that the company's generosity in the face of excessive
union demands has effectively destroyed our largest auto maker.
RonH
----- Original Message -----
From: "Steven J. Serenska" <corvair at serenska.com>
To: <virtualvairs at corvair.org>
Sent: Monday, May 22, 2006 11:38 AM
Subject: <VV> Interesting Article about GM, Bob Lutz in Time -- NO CORVAIR
> There's an article in the 5/22/06 issue of Time magazine about the
> fortunes of GM that I thought this group might find interesting:
>
> http://www.time.com/time/archive/preview/0,10987,1194041,00.html
>
> One particularly well-turned passage is as follows:
>
> Decades of downsizing have turned GM into a retirement home with a
> car factory in back. Every active U.S. employee supports 3.2
> retirees and surviving spouses, amounting to "legacy costs" of about
> $1,500 per vehicle and wiping out profits on all but the priciest
> models.
>
> Enjoy.
>
> Steven J. Serenska
>
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