The largest threat to the survival of the automobile industry in the United States are the UAW Union Auto Workers Union contract and the legacy costs of retired employees on the one hand, and the management team that grew up in a rather cushy era in which they enjoyed market dominance,
More Quotes from Peter Morici:
Don't look for big results. GM's current leadership is responsible for the woes at its North American operations. This is like moving around the chairs on the deck of the Titanic, ... bloated bureaucracy.Peter Morici
We are caught in the situation of needing more materials for the construction effort and less ability to make them. The port's closure disrupts a lot of supply lines,
Peter Morici
We don't give them any more market access. They won't have any more sales here, but we should have more sales there. But that deal by itself will not resolve this problem.
Peter Morici
Companies cannot provide gold-plated healthcare benefits and open-ended pension commitments,
Peter Morici
The debt limit will be raised no one expects otherwise. The problem here is Congress reconvenes around mid-January, and it isn't a lot of time they have to get this done. But they'll get it done.
Peter Morici
China needs American technology, American capital and American business acumen. If there's a backlash against China it could be devastating to the Communist party and to stability in China.
Peter Morici
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Based on Topics: Management QuotesBased on Keywords: cushy
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