Dont you just love it? General Motors cant make a quality car to save its life, which is what its trying to do, and it wants Nissan to give it billions of dollars to show respect for a failed company. Over the last couple of years, you have heard of failed nation states, many of them in Africa. Countries that cant feed themselves, and have just about as much wealth as is necessary to put an embassy in NY, so their diplomats can dine at the United Nations, and park overnig…
One Step Closer To Bankruptcy
I have written a couple articles so far about the downfall of GM and Ford, although I have mostly focused on GM. GM announced today that they are going to offer some 113,000 hourly employees a severance package in the six figure range to leave and waive their rights to their healthcare benefits. Here is the link to the article making the announcement: http://www.foxnews.com/story/0,2933,188732,00.html.
If I were in the position of some of these workers I would have a diffi…
Chrysler Strike Deadline Nears
The United Auto Workers' 11 a.m. EDT strike deadline loomed over continuing labor-contract talks between the union and Chrysler on Wednesday morning.