Thread: GM done for
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Old 02-24-2009, 12:14 AM
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Emmerich Emmerich is offline
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Too much discussion about a single event (or vehicle) that doomed GM. It is much simpler. Any company that is basically a welfare state for its FORMER employees and has a huge entitlement program (right up there with Uncle Sam and that is always in the red) is doomed to failure. It is like a squirrel on a wheel, the wheel keeps spinning faster and you can't just maintain, you have to speed up.

Some people disagree, by IMO the unions killed the US auto industry. There was a need for them when they were created, but they became entities whose only goal was to protect their own existence at the expense of its members. How many non-auto companies do you know that can exist with the level of animosity that exists in the auto industry between management and workers?
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