you hit the nail on the head. Costs were driven up by greedy folks on both sides of the assembly line. Management was short-sighted, focused on the quarterly numbers; union was just plain greedy and treated management like the enemy. The UAW talks a lot about working together, but when the chips are down, they pull out the contract and make mgmnt toe the line.
Notice that ALL makers sales are down, but you don't hear Honda, Nissan, Toyota and others with factories in the US talking about going bankrupt. One reasion is that they don't have the huge legacy costs that prior Big 3 mgmnt agreed to. Health insurance for life? Retire after 30 yrs and get a pension for life? Six-figure buyouts for people to be laid off? NO company can afford to pay out that kind of money forever to people who are sitting on their butts and not producing anything. The UAW killed the Golden Goose and prior Big 3 managers handed them the knife.
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Today's Featured Article - Engine Valves - Some Helpful Information - by Staff. Intake - On the intake stroke the piston moves doward, sucking in carburized fuel through the open intake valve. Exhaust valve is closed. Compression - With both the intake and exhaust valves closed, the pistons upward stroke compresses or squeezes the fuel into the combustion chamber. Firing - Ignited by the spark, the compressed fuel explodes and forces the piston downward on its power stroke. Intake and exhaust valves are closed. Exhaust valves and seats are exp
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