Bloomberg News http://snipurl.com/1jjyo
Foreign automakers are creating [US] jobs, investing in new [US] plants
and winning friends in Congress...the economic benefits are being felt
in smaller, once-rural communities, especially in the South, in places
like Canton, Miss. (Nissan Motor Co.); Greer, S.C. (Bayerische Motoren
Werke AG); West Point, Ga. (Kia Motors Corp.); and Montgomery, Ala.
(Hyundai Motor Co.)
Toyota in February said it will build its next assembly plant in
Tupelo, Miss http://snipurl.com/1jk4e
"These towns have good skilled work forces and the people value the
jobs," said Mike Stanton, who heads the AIAM http://snipurl.com/1jk3r -
The UAW has failed in every effort to organize U.S. workers at the
foreign-owned auto plants, helping to keep labor costs from ballooning
as they have in Detroit.
In addition to passing GM in unit sales on a worldwide basis, Toyota is
poised to steam past Ford in the U.S. to become No. 2. After that, the
big milestone for Toyota will be to grab the No. 1 spot in the U.S.
Toyota now has a bit less than 16 percent of the U.S. market, GM a bit
less than 23 percent. If current trends continue, Toyota could be No. 1
in the U.S. within five years.