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This is a long overdue development, and it's going to be good for everyone except the consumer. The UAW had a big role (hey, the leading role) in creating the oversupply through its contract requiring virtually full pay whether they were building cars or not. Detroit was then in a position where it made more sense to build than not, because a big part of the cost had effectively already been spent.
The big question is whether the UAW is going to step up to the plate and recognize that it has a role in remedying the problem.
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