>But don't the competitors in Germany and Japan have high labor costs
>as well? Isn't Mercedes owned Chrysler doing better than the big
>two?
More the other way around - Chrysler is dominated by Mercedes - and yes they're doing better than the other two. And the European and Japanese companies are doing better than Ford and GM. I don't know enough about the auto industry to explain why, but it sure looks like Ford & esp GM are fucked.