Big 3 pact won't close competitive gap-analysts

Newswire

By Michael Ellis DETROIT, Sept 24 (Reuters) - The Big Three automakers and their top two suppliers could cut up to 50,000 jobs over the next four years under tentative union contracts reached last week and still fail to close the competitive gap with Asian and European automakers, analysts said. General Motors Corp. , Ford Motor Co. and the Chrysler arm of Germany's DaimlerChrysler AG won the right to close or sell at least 10 aging and underperforming plants, which had been forbidden ...

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