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Article: Greedy autoworkers; The UAW is determined to bankrupt Ford.(EDITORIALS)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: THE WASHINGTON TIMES
The good news in the domestic auto industry is that Ford Motor Co. posted a $1 billion profit for the third quarter this year. After 17 straight quarters of red ink, any profit is a sign of progress. Ford sales were up 3.3 percent last month compared to October 2008 (contrasted to Chrysler, which saw sales plummet 30.4 percent year-to-year), market share is increasing, quality has improved to Japanese standards and the blue oval has a new fleet of attractive models hitting showrooms.
The bad news is that the United Auto Workers has decided to punish Ford for its success.
In results announced on Monday, more than 70 ...