On December 7, 2008, Darryl Laddin was quoted in the Atlanta Journal-Constitution, in an article entitled, “The Example of The Airlines.” The article addresses the similarities between major airlines that have restructured through bankruptcy and what could happen with the Big Three U.S. automakers. Laddin describes how Delta’s Chapter 11 filing and earlier airline restructurings may have paved the way for the automakers to renegotiate labor, debt and supplier agreements. He further explains that those higher costs have put the domestic automakers at a huge disadvantage compared with transplant manufacturers, such as Toyota and Honda, which have lower operating costs at their U.S. plants. To read the full article, please click here.
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