Now it's the fall months, typically the busiest for the automobile industry, and GM registered their poorest sales in history in September, and has again broken that record with their October sales.
They have sold their stock in Subaru to Toyota which now has a commanding vote in that company (good, AWD Hybrid cars by 2007), and GM has also sold their finance division, GMAC, because GM's credit history is so awful that GMAC couldn't get loans, even though GMAC is the only division of GM that is currently turning a profit. GM struck a deal with UAW to diminish their healthcare costs, but that will probably only save them another month or two before they file.
Renault is going to buy the Saab line from GM within a month, which is also good news. When this happens, the GM unions will strike because their jobs are being shedded, when this happens GM is going to declare bankruptcy so that they won't have to pay pensions or insurance any longer. Taddah, GM is bankrupt, the world is a better place, and Michigan will become a more conservative state.
Thoughts?
Oh, and if anyone wasn't following, Northwest Airlines is still doing great, thanks to their union striking and NWA bringing in independent workers who fixed 57 of their "permanently downed" aircraft, or atleast they were according to their unionized laborers who were earning more than most primary care physicians.
... tssk tsk, unions and feminists
