Efficiency study versus Detroit's excuses

Too many American excuses?

You've heard it many times. Legacy costs, currency manipulation, etc. are the reasons that U.S. automakers aren't as competitive as foreign automakers.

Excuses. Excuses.

Yes, these issues do cause problems for U.S. automakers. Nonetheless, for decades, foreign automakers have been far more efficient at making automobiles than U.S. automakers (more). Yes, Detroit, waste does have costs, significant costs. It's time for management and Union leadership to accept the fact that THEY significantly contributed to the decline of America's auto industry.

Many labor issues are now coming to the forefront of the U.S. auto industry. Let's hope both sides act a little more intelligently this time around.