GM Vice Chairman Says One of Detroit’s Big Three To Die Soon

GM Vice Chairman Says One of Detroit’s Big Three To Die Soon

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It’s no secret that domestic carmakers in the United States aren’t nearly as dominant in the marketplace as they once were. General Motors Vice Chairman Bob Lutz agrees that Detroit’s Big Three are suffering some woes and one of them is dying off. But not GM. That leave us with Ford, which is still trying to find a way forward, and Chrysler, which may be on the cusp of being purchased by GM. Whose knell is he tolling?

It seems harder for domestics to compete in the marketplace these days because they are typically priced cheaper. At the same time, “pensions and health care for employees (and retirees)… are a $2,000-per-vehicle burden on the manufacturers.”

Relatively speaking, General Motors is in the best shape of three, so Lutz is right to say that GM will be the survivor.

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