liabilities


Big Three discussing joint healthcare fund

Recently, the UAW decided to look at the unusual step of taking over heathcare liabilities from the Big Three. The reason being that pension fund costs for future retirees is adding a terrific sum to the expense sheet every year -- GM's costs alone were $4.8 billion in 2006, and combined costs could have amounted to $12 billion. That's the price they are paying to assure healthcare for 2 million workers, ex-workers, and dependents. That drag on the bottom line is making GM, Ford, and Chrysler's return to competitiveness difficult, as if the job ... Read more →

UAW to take on automaker healthcare burden? Jonathon Ramsey

As many of you know (and have commented prolifically on), the Big 3 carry an enormous burden that import competitors like Honda and Toyota don't: unionized retiree health care costs. GM, for example, ...

Could GM be considering selling Holden? Joel Arellano

According to Graeme Maxton of Autopolis, General Motors may consider selling off its Australian Holden brand. The reason, interestingly, is Holden's profitability. Maxton points out that GM is ...

Big Three discussing joint healthcare fund 2 years ago on Autoblog

Recently, the UAW decided to look at the unusual step of taking over heathcare liabilities from the Big Three. The reason being that pension fund costs for future retirees is adding a terrific sum to the expense sheet every year -- GM's costs alone were $4.8 billion in 2006, and combined costs could ...

UAW to take on automaker healthcare burden? 2 years ago on Autoblog

As many of you know (and have commented prolifically on), the Big 3 carry an enormous burden that import competitors like Honda and Toyota don't: unionized retiree health care costs. GM, for example, had $81 billion in salaried and hourly retiree health care obligations at the end of 2005. Chrysler ...

Could GM be considering selling Holden? 3 years ago on Autoblog

According to Graeme Maxton of Autopolis, General Motors may consider selling off its Australian Holden brand. The reason, interestingly, is Holden's profitability. Maxton points out that GM is desperate to make money to pay off its enormous--and fixed-- liabilities. It has already sold its Subaru ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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