Legacy Costs
chevrolet-avalanche: "Part of GM's problem is that it suffers from $1,100 in legacy costs for each of its vehicles made. Legacy costs are the pension and health care costs generated by a million or so retirees and dependents."
posted by Unknown at 12:56:00 p.m.
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1 Comments:
It is True. How is that right for Chev to put forward their cost on vehicles already sold. It is an accounting scam, which they are allowed perpetrate to profit from. Endorced by the securities watchdogs and goverment
Terrible they tell their investors they made so many millions in profit when Chev has not paid all the costs. Costs which it is able to pass on to you and charge compound intrest on.
Shame on you Chevrolet.
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