[lbo-talk] Hits on auto capital keep on coming, esp. to variable capital

[Charles Brown]

AXLE CONTRACT WINS APPROVAL
Detroit workers seal deal, mark painful turning point

http://www.freep.com/apps/pbcs.dll/article?AID=/20080523/BUSINESS01/805230305

 
Industry's structural shift hits Ford hard
Consumer move to smaller vehicles may mean more cuts, internal changes
for ailing Detroit automaker

http://www.detnews.com/apps/pbcs.dll/article?AID=/20080523/AUTO01/805230375

^^^^
CB:   Auto capital is getting slaughtered by Capital's current dynamic.
Of course, _variable_ capital, i.e labor gets the most devastating hit.

Big auto has got to be against Bush's war more than anybody, since it
is causing oil prices to rise, and cutting into sales of gas guzzlers
even more.

Nationalize the auto industry !

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