Tag Archives: automakers bailout

Why a Detroit bailout will fail

"Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59."
Not that a Democrat congress will be deterred from a bailout when their union voters are at stake.
Meanwhile, there are no less than ten new automaking startups daring the current economy. Wow.
UPDATE: What one Ford Focus drove its owner to do to save almost two thousand dollars in repairs.