
Showing posts with label another American corporation that screwed itself. Show all posts
Showing posts with label another American corporation that screwed itself. Show all posts
Here's a simple idea why the US automakers are doomed to never be great and profitable again, 3X more retirees than employees
The Detroit Three's 267,000 hourly retirees and 72,000 surviving spouses
GM has 53,000 hourly employees and Ford has 41,000.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101214/OEM01/101219920/1424#ixzz1A1Yy1Inf
So, if you're curious why a new car costs 6 times more now than in the 60's, 2wice as much as in the 80's... you might draw the connection between the increase in # of retirees and the increase in the cost of a car, I bet that would chart a straight line, lower left to upper right.
GM has 53,000 hourly employees and Ford has 41,000.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101214/OEM01/101219920/1424#ixzz1A1Yy1Inf
So, if you're curious why a new car costs 6 times more now than in the 60's, 2wice as much as in the 80's... you might draw the connection between the increase in # of retirees and the increase in the cost of a car, I bet that would chart a straight line, lower left to upper right.
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