I read today the amount of money the Big 3 dishes out to retired employees, unions, etc. It's even more interesting to compare that cost to Toyota's (on a per employee basis).
I completely believe the Big 3 lived high on the hog for too long and were short-sighted believing they were bulletproof to any and all outside forces (the "it will never happen to us syndrome"). The Toyota's that didn't even used to be a blip on the Big 3's radar just blazed by them at light speed.
Take this for what it's worth...it's an editorial...link below...
Thomas: Unions the reason Big 3 automakers teetering | CARS AND SOCIALISM