JG Excerpt:Before they turn their backs on American workers, AA executives need to talk to CNBC's Trish Regan about the low productivity and poor profits Tenneco experienced in Beijing, China.
American Axle, which is scheduled to release its first-quarter earnings today, says it could close some or all of its original U.S. facilities if the UAW won’t consider “a U.S. market-competitive labor agreement.”
Only one recent article titled "Strikes hurt GM Less than oil prices" seemed to address the potential long-term economic impact on GM large-SUV sales resulting not from the strike, but from the skyrocketing price of gasoline.
JG Excerpt:Sure, the strike has resulted in a production slowdown at Janesville GM but long after this strike is over, GM will be grappling with a problem they only wish a strike could settle. Consider ourselves lucky....for now.
But for GM’s DiGiovanni, there is an even bigger concern: the price of oil and gas.
Surge in gas prices leads to scaling down of the vehicles Americans drive. In the end, you can bet the Janesville newspaper will blame the unions for the eventual demise of the SUV.
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