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To: FourPeas
We too have had financial types building cars for quite some time. They took over General Motors for example. For several years GM made enormous profits making and selling SUVs. Dividends were enormous. Payouts for additional union benefits were increased substantially. Everybody was happy except somebody forgot to consult the engineers about using antiquated buildings, wornout machinery and what happens if there's a recession and the company has no cash reserves for retooling.

I suppose Norway's Finance Minister sees likes what she sees when she goes shopping in Detroit.

4 posted on 04/27/2009 9:03:18 AM PDT by muawiyah
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To: muawiyah

That’s all sadly true. One of my family members was a GM retiree. Because of the unbelievable benefits it was dubbed Generous Motors. The spouse and I worked as sub-contractors for GM working with plant engineers. That was 20+ years ago. GM was doomed to fail 20+, maybe even 30+, years ago.


11 posted on 04/27/2009 9:15:16 AM PDT by FourPeas (I am the pink flamingo on the great lawn of life.)
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