GM needs to shut down, then reopen as another company in another country.
If they do they can do what the Japs have been doing in the US for years.
Start up in all new state of the art assembly plants built with a bonds
issued by the taxpayers in some southern state, with none union employees
that are trained in taxpayers supported state Vo-tex schools, that are paid
an average $14 an hour less in wages and benefits, benefits that do not
include a defined pension plan or any health care after retirement, to
assemble cars of parts made primarily in low cost countries or purchased
from other Japanese companies.
If they incorporate in Japan they will not need to pay any US federal
corporate income taxes, like Toyota etal, on the profits earned in the US.
Naturally being Japanese will make many buyers think they are 'better,; more
costly to buy and maintain for sure, but 'worth' the price. ;)
Great assessment Mike. You're 100 percent correct. If only all those
millions of people would have bought a Ford Taurus rather than the bland
looking Accord/Camry. And who cares if Consumer Reports reported that
Accord/Camry had 5% or so less owner reported problems over a 5 year
period?!?!? The Hondas/Toyotas should be a bit better in dependability,
because they're more expensive than a Ford Taurus, plus Toyota/Honda has
more money for R&D because they don't pay their workers as well as the
UAW workers get.
That may be your opinion but apparently more Americans disagree with your
opinion. The Japs make good stuff but both GM and Ford outsell any Japanese
manufacture. The question you should be asking is, why did my Jap car cost
more than a comparably sized and equipped domestic, when they are build by
low paid workers in other counties, or are assembled in the US of mostly
imported parts, by workers being paid so much less?
GM could benefit by following the Japanese companies new plant program and
having the taxpayers support their expansion ;)
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