Volume pick up on the pitiful GM results- massive incentives, treasury games with pension funds, market share losses to Japanese and Korean car mfgrs' and now THIS? How could it be?
WSJ -DETROIT -- General Motors Corp., Ford Motor Co. and DaimlerChrysler AG have joined a legal challenge to block two Michigan health systems from building two new hospitals in the Detroit suburbs. he auto makers' decision to attack the hospitals' expansion plans comes as senior leaders of the three big U.S. auto companies are becoming more vocal about the competitive disadvantage their unionized U.S. operations face.
The concept of the Big Three urging hospitals to resist overcapacity is ironic, since U.S. auto makers for years have been unable to conquer chronic overcapacity in their own industry. The auto makers complain that in their business, overcapacity drives prices down. But they argue that in the hospital business, overcapacity drives medical costs up, because it encourages doctors to put more patients -- particularly those with rich health plans who pay little out of pocket -- into empty hospital beds.
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