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Monday, January 3, 2011
Here's a simple idea why the US automakers are doomed to never be great and profitable again, 3X more retirees than employees
Posted by st at 5:01 PMThe Detroit Three's 267,000 hourly retirees and 72,000 surviving spouses
GM has 53,000 hourly employees and Ford has 41,000.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101214/OEM01/101219920/1424#ixzz1A1Yy1Inf
So, if you're curious why a new car costs 6 times more now than in the 60's, 2wice as much as in the 80's... you might draw the connection between the increase in # of retirees and the increase in the cost of a car, I bet that would chart a straight line, lower left to upper right.
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