This is the level of superficial journalism which helps get you to the point we were at in 2008-2009 in the Big Three. Recently there has been a lot of reporting on the fact that Chrysler paid back loans which it received in in the post bankruptcy bailout. And generally speaking, that it true of the debtor-in-possession financing that the Treasury gave them. What is not much talked about is the $17.8B which was disbursed by the Bush Administration in December 2008 to stave off the imminent collapse of GM and Chrysler. That money went bye-bye when the companies filed their respective bankruptcy cases.
I don't see any significant change for the big three and the UAW. What is interesting (and stupefying) is why VW would be so receptive to the UAW at their new Chattanooga plant. They will regret that.
Has there been a vote for the union at the new plant?
All the problems of the big Three the lst 25 years can be teaced directly to the long ago failure to let Chrysler go belly up...
All the problems of the big Three the last 25 years can be traced directly to the long ago failure to let Chrysler go belly up...
VW has worker councils in Europe and their contract says all plants regardless of location will have one.
It's law that worker councils must be part of a union arrangement.
Unfortunately for them, the workers themselves are leery of both. So the UAW is trying to organize the plant and VW keeps sending representatives over to explain how wonderful the arrangement is.
Again, the workers aren't biting...yet.