Saturday, December 6, 2008

7 myths about Detroit automakers

[Note: It is somewhat ironic now that the auto industry is scrambling to avoid bankruptcy that it is actually defending autoworkers. You will note in the article linked below that one of the myths the writer debunks is the myth that UAW workers earn more than $70 per hour per worker. Typically, during contract negotiation time especially, papers like the one linked to below don't mind accusing autoworkers of getting paid too much.]


The debate over aid to the Detroit-based automakers is awash with half-truths and misrepresentations that are endlessly repeated by everyone from members of Congress to journalists. Here are seven myths about the companies and their vehicles, and the reality in each case.

Read the full story here...