You're talking nonsense. The current costs for GM are still as high as ever. Their average labour costs were $73 The lower cost figure only goes for new workers. They still have the legacy cost. So when GM has rolled over its workforce, its product line, and its useless leased vehicle park, there might be the prospect of the company maybe turning a profit again.

You might as well start from scratch.

And when General Motors can only retain its profitability by paying its workers decidedly less, and moving part of their retirement packages to 401(k)s which can be wiped out in any market crisis - what's the point?

ManfromMiddletown:

I'm sorry to say this, but you're not very well informed on this issue, and you've drunk the corporate kool-aid.

Strange times when what's good for General Motors equals what's good for the country is no longer a form of corporate kool-aid.