4 ms·
Reality is that whenever US automakers make money, the unions strike and eat up the profits, then when sales slump the companies go bankrupt. Also, the pension
by daft_pink 3y ago
Reality is that whenever US automakers make money, the unions strike and eat up the profits, then when sales slump the companies go bankrupt. Also, the pension and healthcare costs keep expanding and expanding, so that the big 3 American automakers are not really competitive and the Japanese automakers make thousands more per vehicle.
Tesla is winning, because they don't have the legacy automakers cost structure or a labor force that is taking all the money in the good times.