[quote=harvey]…Do a google on GM and “legacy costs” and you’ll see lots of info describing just how big the issue is. Every GM car still carries the cost (mostly healthcare) of employees who retired decades ago. Some estimates are as high as $2,000 per car! At one time a huge portion of these liabilities didn’t even show on the balance sheet…[/quote]
Uhhh, pri_dk, GM employees who retired “decades ago” are likely now on Medicare or deceased. How is it that their (exorbitant?) healthcare costs are wrapped into the price of a new GM vehicle today?
How many “decades” is “decades ago?” And …. more to the point, what was the average retirement age for a GM autoworker??
