If Farago's calculations are correct GM's deal with the UAW is nothing but an exercise in zero-sum accounting. In his latest GM Death Watch column, he examines the details we know about the agreement — as it's been reported — for signs of cost savings for GM, whose losses and cash drain has been epic of late. His forensics uncovered what could be a shell game of titanic proportion, or a whole lot that both sides aren't telling us. Was the agreement yet another game of Bait the Press to hold the company's stock value in the face of losses? Is a strike inevitable?
Death Watch 37: Get Shorty [The Truth About Cars]
The Truth About the GM Death Watch: Agreement Aschmeement? [internal]