Originally Posted By: Burt
I don't get it. The industry is only selling cars at a 13 million annual rate. They need to sell 14 million just to break even with scrap rates. If they are having problems meeting demand at this level, what will happen when the economy returns to 'normal'? I see an opening for Hyundai to become the largest seller of cars because they and VW are the only ones adding capacity. And Hyundai is non-union. Coincidence? I think not.
Um, I'm not sure if you read this somewhere or just made it up from whole cloth, in either case there isn't one thing in your statement that is factually correct. Well, maybe the "I don't get it" part is accurate.
Even the Hyundai non union is wrong, maybe here in the states, but read up on their current labor negotiations. Hyundai is facing a Union strike in Korea at this very moment.