I understand the technicalities of GM's new ownership. On a practical level it's clear however that the government and the union will have a very large voice in GM's future decision-making. Why was GM forced to commit to another small car plant in the US without first establishing that it's needed? If Opel is capacitized for 200,000 units at a plant in Germany and their market only needs 150,000, GM can't make another 50,000 in Germany and ship them to the US to sell. Due to UAW and government meddling GM must build a small car plant in the US and run it at whatever paltry utilization the market dictates instead of using the excess [[free) capacity in Germany.
The company is already being run to benefit the UAW and further Obama's political agenda.
Bookmarks