Are The Detroit Three Just Pension Funds That Build Cars?

Back when bankruptcy was considered a distant theoretical possibility for Detroit's automakers and their promised pension payouts sacrosanct, Bill Ford Jr. frequently gigged his counterparts at General Motors Corp.

One line favored by the executive chairman of Ford Motor Co., usually delivered in the spirit of his trademark ribbing? That the world's largest automaker was nothing more than a pension fund that happened to build cars and trucks on the side.

Steve - 6/28/2012 8:27:09 PM

+3 Boost

Ask the UAW about that.

Larrybel2000 - 6/28/2012 8:35:32 PM

+3 Boost

The UAW looks at the future of the workers without considering the future of the company and not realizing that one cant survive without the other.