[Rhodes22-list] Detroit's problem?

[TN Rhodey]

Brad, Plain and simple they need to file Chapter 11. Hopefully they can come
up with some new contracts.

Wally

On Sun, Nov 23, 2008 at 10:17 AM, brad haslett <flybrad at yahoo.com> wrote:

> Ed,
>
> Interesting video.  Ford is doing well in Brazil just as GM is in China
> (Shanghai Buick) manufacturing and selling in both countries.  The single
> biggest industrial employer in Alabama is the automobile industry (Hyundai
> and Mercedes-Benz).  Tennessee has Saturn, Nissan, and soon, Volkswagon
> (Chattanooga).  Mississippi has Nissan and soon, Toyota (Tupelo).  Doesn't
> South Carolina have BMW?
>
> This is a pretty simple puzzle to figure out.  All those companies building
> cars in the US South average $40 per hour for pay and benefits versus over
> $70 per hour in Detroit.  For GM, the legacy costs for retired employees is
> over $2000 per car.  You don't need an MBA to understand why this is
> unsustainable.  The problem is, you need Michigan's electoral votes to get
> elected so no one REALLY wants to tackle the problem head-on, any more than
> any candidate wants to eliminate ethanol subsidies because the campaigns all
> start in Iowa (McCain did badmouth ethanol though - who won Iowa?).
>
> Brad
>
>
> --- On Sun, 11/23/08, Tootle <ekroposki at charter.net> wrote:
>
> > From: Tootle <ekroposki at charter.net>
> > Subject: [Rhodes22-list]  Detroit's problem?
> > To: rhodes22-list at rhodes22.org
> > Date: Sunday, November 23, 2008, 8:54 AM
>  > If you want to understand Detroit's problems look at:
> >
> > http://info.detnews.com:80/video/index.cfm?id=1189<http://info.detnews.com/video/index.cfm?id=1189>
> >
> > This video is 3.5 minutes long.
> >
> > Ed K
> > --
> > View this message in context:
> > http://www.nabble.com/Detroit%27s-problem--tp20646981p20646981.html
> > Sent from the Rhodes 22 mailing list archive at Nabble.com.
> >
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