The UAW, both foreign and domestic

Bob King, President of the United Auto Workers, has announced a new strategy to increase members. On the “foreign” side he has decided that it is neigh onto time that Americans in this country making Nissans, or Hondas or Mercedes join the union.  Never mind that all attempts to unionize these workers in the past have failed…

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UAW bans “foreign” cars from union property

It’s actually been a long-standing policy for many years, but United Auto Workers leadership have confirmed they will continue to enforce the policy and probably be even more aggressive. This is pure marketing genius I tell you, especially for an organization with a serious image problem.

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Chrysler’s Creditors Cave

Last Friday, the small group of Chrysler’s secured creditors, who had thus far refused to buckle under to the pressure, decided to throw in the towel and withdraw their legal protest to the Obama administration’s plan to resuscitate the failed auto company.  In a move more symbolic than meaningful, the group has decided that although…

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The Looting of “General” Motors

Jim spoke on Thursday morning about the “deal” being offered to the bondholders of General Motors which, if accepted by them, will presumably keep GM out of bankruptcy. I say presumably because this “restructuring” has all of the earmarks of failure that are found in the Chrysler plan, but without the help of Fiat.  However,…

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