Personally I have no problem with Union negotiated contracts in the private sector (in general).
If American car mfg costs get out of hand so too will the selling price of their product. The customer will then decide if they want to buy the American product or perhaps an import if those mfg have maintained a tighter control on costs. Alternatively they may opt to buy nothing new at that time and instead decide to buy late model used.
In the end the free market will determine what the selling price of any given commodity is as long as there remains competition.
What you posted is absolutely true, but the company and u nions need to renegotiate if the company is going bankrupt. Under no circumstances should the taxpayers have to bail them out.
Unfortunately, companies like GM will compromise on quality and quality is not immediately obvious.
BTW, GM’s quality is very poor. I know from personal experience.
The the Feds swoop in and bail them out at taxpayer expense. I have no problem with free negociations for unionized labor but if the company makes a bad deal, don't come to me to make it right.
The free market will put the big 3 out of business but big washington won’t allow that. The big 3 and their union plague will be back in washington hand out asking for yet another bailout within four years.