GM's ignition recall issue explained.

Noting new. I have been saying this for 15 years. I have sat down with GM on behalf of my clients listing the escalating raw material cost on some fixed priced purchase orders. There answer was always, too bad, if we change pricing for you we would need to do it for everyone. These stamping plants were closed within several weeks. This was proceed by mandates in the prior years where GM said the new price is 15% lower. We don't care how you do it but that is the price.