Cartel Blue Inc (CRTL)

[Pennimon]

JEDI - thats what rvgd would have to do. REPLACE. The big three are in trouble for the same reason STELCO STEEL in Hamilton closed down. Stelco is an OLD union company that collapsed under the financial burden of pensions and high union paying jobs.

In the end, over 71% of every dollar of profit went to feed the never ending and growing money pit called the pension fund. Over the lifetime of the company literally thousands and thousands of workers became pensioners.

Any company wanting to take over old GM Ford or Chrysler operations would inherit debt. IMHO eventually ALL union run companies must fail under financial collapse - its unavoidable.

Next door to Stelco is Dofasco (non-union) who remained profitable and in operation month after month year after year while offering profit-sharing.

While Dofasco was sold it still remains in biz producing steel as it has done for many many years...


PS - that damn free-trade agreement is another reason. Havent heard of any Mexico plants closing down.