I've been watching GM for a while now, and my take is that they are intentionally bleeding and making "stupid" core decisions so that they can amputate their reasonably well paid and medically covered employees. It's the only way they can do it, nobody will take a pay cut and pay for their own medical if there's nothing wrong with the company. It's the WalMartization of America.

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1992 Mitsubishi Delica Diesel-WVO Hybrid Photos