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June 1, 2009

IKEA to buy GM, outsource assembly to consumers

Cute. This has been around for months, but I hadn't seen it before. In a stunning last-minute development, IKEA will rescue GM and cut costs to finance GM's cripping pension and health-care expense by shifting assembly to car buyers. And you do it all with that little hex wrench they give you.

Posted by Jay Hancock at 10:18 AM | Permalink | Comments (1)
Categories: Manufacturing

Comments

I always wondered what do you do with the parts left over.

Posted by: M Smith | June 3, 2009 1:43 PM

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter