It cost GM about $5 billion last year to service its hefty health care costs. That’s about $1,100 per car sold; no wonder GM lost about $1,500 per transaction in 2005. So, pensions and health care costs really do affect the bottom line, dramatically. If I was a GM shareholder, I’d be screaming for reform. And this leads to a whole new discussion as to what a company is responsible for.
Published by luken7
An avid and passionate sailor, drummer and technologist. My career focuses around computing and storage technologies. My passion is sailing and playing drums. I love music, especially progressive jazz and rock. View all posts by luken7