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Alongside of greedy unions and overpaid workers - another factor I think is badly hurting the auto industry at the moment is the 'employee pricing' sales campaign the Big Three went through a few years back. All three automakers offered massive discount incentives to the public and enjoyed a huge upsurge in sales volume (at the expense of their bottom line profit margins).
Consumers who had the financial option at the time went out enmasse and took advantage of the bargains.
And now...sales have drastically slowed (coupled with the recent skyhigh prices at the pumps). Yet oddly enough, the automakers are wondering why.
You can only go to the consumer's financial well with your bucket a finite number of times before it runs low.
I still put the lion's share of the blame at the feet of the autoworker's unions...however I'm saying its only one causation of the current crisis.
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