<VV> Interesting Article about GM, Bob Lutz in Time -- NO CORVAIR

[Ron]

That clearly shows that the company's generosity in the face of excessive 
union demands has effectively destroyed our largest auto maker.
RonH

----- Original Message ----- 
From: "Steven J. Serenska" <corvair at serenska.com>
To: <virtualvairs at corvair.org>
Sent: Monday, May 22, 2006 11:38 AM
Subject: <VV> Interesting Article about GM, Bob Lutz in Time -- NO CORVAIR


> There's an article in the 5/22/06 issue of Time magazine about the 
> fortunes of GM that I thought this group might find interesting:
>
>    http://www.time.com/time/archive/preview/0,10987,1194041,00.html
>
> One particularly well-turned passage is as follows:
>
>    Decades of downsizing have turned GM into a retirement home with a
>    car factory in back. Every active U.S. employee supports 3.2
>    retirees and surviving spouses, amounting to "legacy costs" of about
>    $1,500 per vehicle and wiping out profits on all but the priciest
>    models.
>
> Enjoy.
>
> Steven J. Serenska
>
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