Quote:
Originally Posted by The_Blur
I also take issue with the argument that Detroit's automakers fundamentally are inefficient or not green. How can this guy argue that they need to break with the past? Ford and GM have been in the market for as long as Mercedes and longer than anyone else. It is a past of success and market dominance. Is that somehow un-American or inefficient? |
The past is hurting a lot more than you think. The union, pensions and all other contracts keeping GM from actually making a profit is what's holding them back. It's not necesarily the fact that they have a union and pensions but what those contracts entail.
Contracts in the past that are still followed today can really hurt a company.
A bunkruptcy will cleanly break all bonds of that sort. GM will NOT go away, its just going to regroup and organize the financial side following Chapter 11.
"keep the faith"
