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Originally Posted by KenP
Look at the cutting edge and quality of Chrysler. They're not hurting.
GM and Ford are lumbering giants that can't move quickly in this marketplace.
Correct me if I'm wrong, but I believe LABOR is the largest expense for domestic brands. Thanks Unions. You've outlived your usefullness.  |
Agree on the labor issue, and there is still the legacy costs. One reason why Toyota will never purchase GM or Ford...the legacy costs are too great.
However, your wrong about Chrysler, they are starting to hurt and primarily it is due to quality issues. Expected losses this quarter 1.5 billion.
http://www.detnews.com/apps/pbcs.dll...73257320302978
Last week they stated production to be cut by 65-75K unit, this morning, they might double that number.
Hemi engine production has been cut by almost 60 percent (that's understandable).
GM is starting to move faster, but NOT fast enough. Hopefully they will turn it around, if not???