Tuesday, September 04, 2007

GM Sales UP 6% in August
Toyota's Down
Honda Sets Record

General Motors posted a 6% gain over last year's August sales. For GM, light truck sales increased 17.8%; while car sales declined 7.8%. Much of the sales increase can probably be attributed to GM's new crossovers.

Toyota's sales were down almost 3%. Toyota's pick-up sales were up, but SUV sales were down.
Honda experienced a record month with sales up almost 5%.

Source:
money.cnn.com

Dissention in the ranks of the UAW
VEBA is predictably contentious

While it seems a given that UAW officers will recommend a contract that includes a Voluntary Employee Benefits Agreement, "VEBA", that effectively puts retiree healthcare in the hands of the union, there is a vocal opposition within the union. I was forwarded a handout titled "Vandalize Employee Benefits Again" that attacks VEBAs. It appears that the handout came from soldiersofsolidarity.com. Similar rhetoric is available at factoryrat.com.

I'm not taking sides in the UAW's internal politics. I'm merely pointing out that approval by the union doesn't guarantee ratification by the workers.

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