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FWIW, a large part of this problem has already been solved. You may not have noticed it, but a while back the UAW made a deal with the big three that in exchan

by evgen 18y ago

FWIW, a large part of this problem has already been solved. You may not have noticed it, but a while back the UAW made a deal with the big three that in exchange for a large cash payout they would take over retiree pension and post-retirement healthcare obligations.

sethg 18y ago
...and, if I understand correctly, because Detroit made that payout, they are now in a poor cash position, which means that the credit crunch is putting a very big strain on them.