Quote from clacy:
Quite simple, yet many factors have brought them to this point..........
1. They are burdened with VERY high labor and pension costs. If you are going to do that you absolutely must build/sell a superior product, that can bring a premium. With the quality of vehicle that the foreign manufacturers produce, the big 3 cannot charge a premium any longer.
2. They also put all of their eggs in the truck/SUV market. Obviously there has been a paradigm shift in regards to vehicles mpg and that market dying as we speak. That market will NEVER get back to where it once was.
3. They also have earned a very poor reputation due to inferior quality and service issues that most consumers have experienced for themselves.
4. Lastly, they make cars that are not aesthetically pleasing, in my opinion.
1. labor is no higher than in other western world countries. I doubt german worker gets paid less to build cars in the "motherland".
As for health care - GM could have lobbied the Congress to introduce universal HC. They sure did push other agendas on the congress.
2. Like I said management is at fault here.
3. same amswer - management
4. same again sucky management