CEO's...

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Mostly true but now that Toyota and others have built plants here in the US they are slowly starting to realize the US makers labor problems. I have a neighbor that used to work the the NUMI plant(iirc makes Tacoma, Corolla, Matrix/Vibe)in Fremont which is owned by Toyota in partnership with GM, he says they have people call in sick or are on workmans comp alot and only come in to work a few days so they don't lose insurance and retirement benefits. I know GM will be pulling out of that plant soon and Toyota want's to do the same but they have too much money invested in the plant. Now the only workers they hire are on probation or non-permanent status and they get terminated before becoming permanent so Toyota doesn't have to give them the same benefits or else they become sick all of a sudden. That's the reason my neighbor quit to work for the Feds and get a stable job. Also if you haven't noticed the quality of the Japanese cars made in the US isn't the same as the ones made in Japan, I know cause I own an Xterra made in Tennessee.

edit: As far as GM not making money because of labor, also true because the insurance and other benefits they pay to the workers courtesy of the union is a big chunk of their operational cost.