Should I buy a GM? or should I jump ship?

Why do we always get the same YA'BUT? Certainly foreign manufactures, that only assemble, in the US spend money in the US. Why would you think domestic manufactures do not spend the same or more? Domestic spend far more in the US than ANY foreign assembler adds to the US economy. Get real

mike hunt

u c c wrote:

Reply to
RustyFendor
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What about the "foreign" shareholders? They are many and large.

Don't know about Tundra and Camry, but the vast majority of the Corolla is not only assembled but manufactured in North America. Same with the Hondas built in Alliston Ontario. Engines may be made in Japan - but lots of GM engines came from Brazil too. And lots of so-called GM cars are made entirely in Korea by their Korean subsiiary, DaeWoo. Others by their Japanese partner, Suzuki.

The Toyota workers are very happy to work for Toyota for the wages they recieve, rather than working for GM, Ford, or Chrysler. Here in Cambridge ontario they are VERY well paid.

And Toyota provides many jobs in the parts manufacturing businesses located across North America too. Much rather have Toyota and Honda building here than be buying Japanese manufactured vehicles. At least the "assembler" wages, and the wages of the parts manufacturers are paid here, to local workers.

Reply to
nospam.clare.nce

On Mon, 13 Jun 2005 11:07:08 -0400, snipped-for-privacy@mailcity.com wrote: price.

And yet Camry outsells the Buick. Consumers vote with their pocketbooks.

BTW I love my Buick. Best road-car I ever owned. But I'm still worried about the infamous gasket leak that GM never fully addressed.

Reply to
Anonymous

It is your money spend it were you wish. I wonder what are they teaching in schools today. Your questions should have been asked and answered, in economics 101.. Buy those products that are produced in you own county of parts made in you own country by a manufacture that pays taxes in you own county, if you goal is to help the economy in your own country. THAT is what the Japanese do, we should be as smart. Buying from foreign manufactures that only assembles with lower paid workers or buy only some parts in your country and take the money out of you county tax free, is simply not as good. As to the employees being happy, I'll bet they would be much HAPPIER making the wages and receiving the benefit of a Union shop. LOL

mike hunt

snipped-for-privacy@sny.der.>

Reply to
MajorDomo

The infamous gasket leaks were not limited to GM. Every manufacture had gasket problem after the government ordered asbestos off the market without allowing the gasket manufactures time to develop a suitable replacement material. The Camry is indeed the number one selling car in the US but both GM and Ford sell more car than Toyota and far more trucks. So I guess we must say consumers DO vote with their pocketbooks and more of them vote for GM and Ford by far than Toyota. Even Chrysler out sells Toyota. ;)

mike hunt

"" wrote:

Reply to
IleneDover

This is no different, though. How much IS that tax on the dividends? That's essentially a small percentage of a smaller percentage. IF they make a profit, that is, and IF they don't reinvest it or do other things with the money do dodge the taxes.

Not all foriegn plants are like this, though. Check the UAW website - a few are made with U.S. union labor.

Reply to
Joseph Oberlander

IOn this note, I see a lot more Chinese parts creeping into GM lately. It may count as "domestic" product as ift was assembled in N. America, but the sub-components are more and more from offshore sources.

I don;t see much of this in Toyota and Honda, though, because they have a cultural bias against all Chinese items, unless there's just no other choice. Based upon quality, I'd take outsourced stuff from Taiwan or S. Korea or Indonesia over China anyday.

That's a big difference, and it's showing, especially in Chrysler and Ford. They are cost-cutting with Chinese parts, and the Japanese makers are cost-cutting with Korean parts.

Reply to
Joseph Oberlander

The foreign assembly plants in the US is just good business and advertising (for them). It is cheaper to box all the parts in contaniners for shipment to the U.S. and then have them assembled in an almost totally automatic plant than it is to ship the assembled vehicles.

Same goes for American cars. They can import the parts that require a lot of manpower a lot cheaper than making them in the U.S.

Reply to
Rich256

Which is my point as well. Where the plant is is what's the biggest factor. Union labor and a big plant - that's an unescapeable few hundred million or more a year in upkeep, salaries, maintainence, transporting materials.... all into the local economy at the lowest levels.(because as we've all seen, trickle-down economics only works IF the rich give their money to the poorer people)

I'd surely buy a vehicle made at NUUMI instead of in Toronto, that's for sure.

Reply to
Joseph Oberlander

And the labor on parts made outside the U.S. do not contribute to Social Security (a crisis) or income tax. That goes for outsouce jobs as well. I saw a report a couple days ago that the average cost for union labor for GM is about $75 an hour, including medical coverage and pensions.

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China: $2

Also read that GM cost is $1500 per car for health care.

Reply to
Rich256

What is you point? The contention that foreign manufactures provide American jobs is asinine. If American bought a domestic vehicle there would be more workers in domestic plants that pay better and offer better benefits.

If ones goal is to help the US economy then buy only those vehicle made in the US of more than 70% American parts, rather simple concept. The vehicle will have a number one as the first number of the VIN a content label that says the American parts content is at least 70%. Buying anything else help the US less. If more buyers insisted on American made products more manufactures will make their products in the US. As long as consumers are going to accept imports the manufactures will use cheaper import parts, as well, and we will export even more of our children's jobs.

mike hunt

Joseph Oberlander wrote:

Reply to
MikeHunt2

It your money spend it where you wish, but you keep going around in circles If you coal is to help the US economy it would be better for the US economy if you bought one made in 'Detroit' ;)

mike hunt

Joseph Oberlander wrote:

Reply to
MikeHunt2

snipped-for-privacy@mailcity.com wrote in news: snipped-for-privacy@mailcity.com:

Show me one...

Reply to
Ript

Even though the southern ontario plants (Oshawa) have some of the highest quality ratings of all GMs plants in North America?

Reply to
Brad Clarke

But Bush'll spend over 87 BILLION$$ on his Iraq adventure..... That's a lotta GM cars !

Reply to
Anonymous

You really do need to visit the UAW website. Seriously. Where the company has its headquarders is only a small part of the much larger equation. An awful lot of "domestic" vehicles aren't actually made in the U.S. anymore.

Reply to
Joseph Oberlander

Given GM's lack of profits and therefore taxes right now, buying a car made in Canada doesn't do a thing for our economy. loose-loose, even though it's an "American" car.

Reply to
Joseph Oberlander

Go visit a Ford, Chevy, Nissan, Toyota, and Honda lot. Check to see where the vehicles are made, and the parts content. I suspect you will have quite the eye-opening experience. For starters, look at the Accord, Camry, Avalanche, Equinox, and Aveo. Then, ask yourself who is REALLY responsible for the export of auto manufacturing jobs!

Reply to
Rich

You keep saying that but it is not factual. 85% of all the vehicles old in the US by GM and Ford are made in the US of over

75% American parts. Look for those with a '1' as the first number of the VIN. On can spend their money where the wish but IF you want to help you own economy the most avoid those with a J, K, 2, 3, 4, 5 etc.

mike hunt

Joseph Oberlander wrote:

Reply to
DustyRhoades

You don't know much about how US corporations are taxed do you? GM still had to pay millions in first quarter estimated income taxes based on the annual expect net income. GM shareholders will pay income taxes on the GM dividends they received as well. Where a corporation has its headquarters means a lot, Toyota for example pays ZERO federal corporate income taxes on the profits it earns in the US

mike hunt

Joseph Oberlander wrote:

Reply to
DustyRhoades

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