Crunch time in Detroit

[keith]

Another doom and gloom forecast for GM and to a lesser extent, Ford:
Crunch Time In Detroit

"Wagoner has been complaining about the company's own medical benefit costs, which run $5 billion a year (and always climbing) for its 1.1 million employees, retirees and dependents."

I think GM make about 5,000,000 cars per year. So that's $1000 from each car sale to fund its medical benefits.

 

[Al]

It can't continue. Trial lawyers should be hearded into the sea.

 

[tweeker43]

quote:

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Originally posted by Dan4510:
All of you have it wrong, we have an oversupply of old, sick people.

Dan

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yeah, but they all drive cadillacs.

 

[Curious Kid]

In the end, an automobile is just an automobile, is it not?

It may be sad times to part with the "Old Girl" or "Bad Boy" of days past, but worse when the industry, that is nothing without it's people...ultimately it's the people that lose that from which they have once founded their future upon. Where might that leave them?? A new beginning???

Not meaning to sound all weird and mushy, but it always comes back to the people. I'm beginning to realize that now.

 

[Steve S]

Just think of all the government workers both federal and state,the tax payers will love it.

 

[keith]

I don't know of you have to register or be a subscriber to read this:
Stocks Tank on GM Outlook

"Early strength in stock futures was torpedoed Wednesday when General Motors (GM:NYSE - news - research) roiled the market with a grim profit warning."

 

[Gary Allan]

Ancient Chinese curse: May you live in interesting times

 

[Evil Ron]

The dinosaurs are dying.

 

[Gary Allan]

quote:

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The dinosaurs are dying.

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Not yet. Just feeling the burden of supporting the surrounding ecosystem.