 Re: GM Bailout
GM needs to to file for a BK
They do not have a working business model and they lose money on each car sold.
Why invest in a broken out dated business model
The airlines all went thru a BK and they are fine
Its a BIG wake up call that they need to get their ACT together
GM has more people on pension then on their payroll and the workers are some of the highest paid.
What happened to the idea that we pay people MORE MONEY if and when they make something of higher value.
GM cars have little resale value, yet they cost the most in labor to build - Duh!
What is wrong here is the basic business model is broken and needs to be fixed
______________________________________
|