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Heck no, FOX and CNN talking heads were blaming the "auto worker" as were a few of the columnist of the local papers.
I understand your resentment of the reporting, but what is the loaded direct labor cost to produce a Malibu vs the loaded direct labor cost to produce the equivalent Accord or Camry?
It would really help target this discussion.
(Loaded cost means hourly pay plus full fringe benefits)
I understand your resentment of the reporting, but what is the loaded direct labor cost to produce a Malibu vs the loaded direct labor cost to produce the equivalent Accord or Camry?
It would really help target this discussion.
(Loaded cost means hourly pay plus full fringe benefits)
A story to all you misguided souls and MSM that were blaming the UAW worker as the sole problem for the auto crisis for GM and Chrysler. Here, former auto czar Steven Rattner, discusses his dealings in detail.
Inside the Chrysler, GM rescues | detnews.com | The Detroit News (http://www.detnews.com/article/20091021/AUTO01/910210353/1148/Inside-the-Chrysler--GM-rescues - broken link)
(snippet-this part is telling)
GM Chairman and CEO Rick Wagoner set a tone at GM of "friendly arrogance."
"Rick and his team seemed to believe that virtually all of their problems could be laid at the feet of some combination of the financial crisis, oil prices, the yen-dollar exchange rate and the UAW," Rattner wrote.
So where was that dude hiding? He was ghost for far too long...
A story to all you misguided souls and MSM that were blaming the UAW worker as the sole problem for the auto crisis for GM and Chrysler. Here, former auto czar Steven Rattner, discusses his dealings in detail.
Inside the Chrysler, GM rescues | detnews.com The Detroit News (http://www.detnews.com/article/20091021/AUTO01/910210353/1148/Inside-the-Chrysler--GM-rescues - broken link)
(snippet-this part is telling)
GM Chairman and CEO Rick Wagoner set a tone at GM of "friendly arrogance."
"Rick and his team seemed to believe that virtually all of their problems could be laid at the feet of some combination of the financial crisis, oil prices, the yen-dollar exchange rate and the UAW," Rattner wrote.
I heard this on the radio this weekend - very interesting and wish it had made bigger news. Thanks for posting it.
"Rattner paints a picture of "stunningly poor management" at both companies, saying in his Fortune piece that they were "in a state of denial."
"Rattner described Chrysler as "larded up with debt" and "hollowed out by years of mismanagement." It "never had a chance" under Cerberus."
"We were shocked, even beyond our low expectations, by the poor state of both GM and Chrysler," he wrote.
"Rattner's interview with The News, and his Fortune essay, reveal for the first time why the administration ultimately decided to rescue Chrysler -- and how close it came to collapse."
That is a start, what we need now is the fully loaded cost per labor hour.
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