On 8/29/2014 12:00 PM, Paul M. Cook wrote:

>
> Actually no. Terrible business decisions, shoddy products plus a hugely out
> of proportion executive compensation and pension liability is what killed
> GM. Don't forget how when gas prices shot up GM had retooled almost its
> entire inventory to gas guzzling cars and was suddenly caught with cars
> nobody wanted and factories that couldn;t make the cars they did want. .
> And they never made so much profit as when the UAW was at its peak.
>

Many reasons on both sides. Union made big demands and the auto makers
just raised the price of the cars and passed on the added cost. That
worked for many years when the economy was growing and jobs were
plentiful. Buyers bought whatever the Big 3 made.

competition from better built cars at the same or lower prices started
their demise.