Foreign automakers to outbuild Detroit in North America: study

Hey Mike, read this carefully. When they mean outbuild Detroit, they mean all of GM, Chrysler and Ford combined. You GM claim will not last long.
But since Fiat owns Chrysler, it is likely sooner than later.
http://www.reuters.com/article/reuterscomService5/idUSTRE55L3BW20090622
Foreign automakers to outbuild Detroit in North America: study Mon Jun 22, 2009 10:55am EDT
DETROIT (Reuters) - European and Asian automakers are expected to build more vehicles in North America than Detroit's three automakers by 2012 following a sweeping restructuring of the domestic industry, according to a study released on Monday. General Motors Corp (GMGMQ.PK), Ford Motor Co (F.N) and Chrysler Group LLC are expected to reduce assembly capacity in North America by more than 4 million units, or 35 percent, to 7.5 million units by 2012, according to the study released by industry restructuring advisory Grant Thornton.
In the same period, all other automakers combined -- including Volkswagen (VOWG.DE), Toyota Motor Corp (7203.T) and Hyundai Motor Co (005380.KS) -- will increase capacity about 20 percent to more than 8 million units, Grant Thornton said.
The Detroit-based automakers are slashing production and closing plants to align with weaker demand.
Chrysler emerged from Chapter 11 bankruptcy proceedings this month by completing a sale to a group led by Italy's Fiat (FIA.MI). GM filed for bankruptcy on June 1 and hopes to complete a sale process to a new company led by the U.S. Treasury by the end of August.
"A new order is emerging where the Detroit automakers may no longer be the volume leaders in their home market," said Kimberly Rodriguez, who leads Grant Thornton's global automotive practice.
The dramatic restructurings of the Detroit automakers also mean that North American parts suppliers will need to bolster balance sheets, seek key product lines or technologies by acquisitions and secure more business from European and Asian automakers, Rodriguez added.
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theres nothing stopping fiat from running chrysler into the ground. question is, is there a way for the workers to prevent corporate sabotage ?
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theres nothing stopping fiat from running chrysler into the ground. question is, is there a way for the workers to prevent corporate sabotage ?
******** I think I missed your point. To me, it would make no sense for Fiat to run Chrysler into the ground. It seems to me it would be to their best interest to try to make this situation work, to make the best of it. If they cant, then I doubt anyone else will try to take up the Chrysler operation.
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The biggest risk to Chrylser is bad managment and union workers. Fiat will keep Chrylser a legal seperate entity so if they screw up, Fiat can just close the doors and wall away limiting the loses.
I agree, Fiat will try to right Chrylser if management and unions are willing.
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Fiat has union plants in Europe and the US Unions will need to bargain with the New Chrysler.
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You are crying over spilled mike again. Try adding IMO in the subject line, WBMA
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wrote:

theres nothing stopping fiat from running chrysler into the ground. question is, is there a way for the workers to prevent corporate sabotage ? ---------- Probably too late now. 5 or 6 years ago, yep. Unions were asleep at the wheel letting the pensions get so underfunded, when they could have asked the government and shareholders to kick management and the board out on their asses before they became bankrupt.
For example, if unions had any balls they would have all pension moneys assigned to the employees LIRA/RRSP (Canada) or a 401K/IRA (US) in the year they were earned. Forget the corrupted concept of a company pension slush fund and BS promises later on. And quarterly reports mailed directly to the workers on the exact value including gains and losses.
Unfortunately GM & Chrysler is at a point where the little brat kids are whining after they got burnt and didn't listen to those warning of the heat.
And for governments, you don't think $75B to GM is going to wages and workers? I would bet if a detailed and accurate accounting of government money going to GM was ever made public, you would see the corruption right off.
People being laid off today had better ask, who is going to bailout you?
And will people wake up and think before they vote next time?
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Get real! If BO, the Dims and the environuts get the "cap and trade" crap through the Senate there will be far LESS, not more production in the US in few years.
Why would foreign manufactures, or even domestic manufactures, build vehicles or anything else in the US only to pay the government millions in carbon credit "FEES," when they can build off shore for less and with far fewer regulations?
The only reason the Japs build here now is the corporate tax advantage they have in Japan and the only reason the Europeans build here is the high socialism costs back home.
GM, Ford, Toyota, Hyundai, etall can build vehicles such cheaper in China and a half dozen other Asian or South American countries and that is exactly what the will do once energy costs skyrocket under the "Cap and Trade," nonsense.

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If you know that why tell us what we know as well?
Call and write your Senators and Congressmen and tell THEM, not waste time in this NG, WBMA

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