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Re: E-M:/ GM and Detroit Investment in NY Times



Title: Re: E-M:/ GM and Detroit Investment in NY Times
And this article in today's Times points out another investment GM is making that has implications for the environment and the health of Michigan's citizens.

Charles G.


September 15, 2004
Business: Carmakers in for a Long Haul in Paying Retiree Health Care
For older domestic manufacturers like General Motors, health care represents a severe financial burden.
Full Story: http://query.nytimes.com/mem/tnt.html?tntget=2004/09/15/business/15retire.html&tntemail1

Excerpt:
By no means is health care the American auto industry's only reason for its vulnerability. Detroit has lost a huge part of the market to its Asian competitors. Toyota has a reputation for consistent quality that has eluded the Big Three over the years; its manufacturing system is considered the industry's model of efficiency. Toyota and  Honda have both aggressively pursued more fuel-efficient technologies as regulations tighten around the world.

 But the health care spending gap does have ramifications for the nation's economy and energy policies, not to mention Midwestern job growth, because it takes billions of dollars out of the domestic industry's pocket each year that could be spent developing more efficient cars or paying for other efforts.



At 1:57 AM -0400 9/15/04, Alex J. Sagady & Associates wrote:
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Enviro-Mich message from "Alex J. Sagady & Associates" <ajs@sagady.com>
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http://www.nytimes.com/2004/09/15/business/15prop.html

-- 

Charles Griffith, Auto Project Director
Ecology Center                                              
117 N. Division, Ann Arbor, MI  48104
Ph: 734/663-2400, x116  /-2414  fx.       
Email:  charlesg@ecocenter.org
http://www.ecocenter.org