|
Good News for US Automakers
01-29-2012, 07:37 AM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
|
Good News for US Automakers
Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
01-29-2012, 07:44 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
|
Quote:
Originally Posted by Midpack
Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
|
IMO this temporary. Basically took a natural disaster to knock Japanese makers down. US automakers have one 800 lb gorilla on their back that Asian automakers don't have (UAW). While Toyota definitely has stumbled in terms of quality and design, I wouldn't bet against them. IMO Foreign car makers will soon employ more Americans building cars than American car makers do.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
|
|
|
01-29-2012, 07:49 AM
|
#3
|
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
|
Quote:
Originally Posted by jimnjana
IMO Foreign car makers will soon employ more Americans building cars than American car makers do.
|
True. But don't forget that the total new vehicle profit still goes back to the "motherland", regardless of where the car is assembled.
Labor is only one "cost" (along with parts, plant overhead, design/management). While at least the U.S. (worker) is now better off than having the entire car built/sourced in a foreign land, as had been in the past, it is not all of the story as to the financial impact to any car (or other) manufacturer.
|
|
|
01-29-2012, 08:27 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
|
Quote:
Originally Posted by justplainbll
|
We know what actually did happen, but I don't pretend to know what will happen in the future.
I have learned that with little effort you can often find a convincing case for either side of any issue online these days.
U.S. Automakers Seen Continuing Global Market Share Gains Over Next Five Years, KPMG Survey Finds - MarketWatch
FWIW, the last American car I bought was in 1978, but I've never rooted against US automakers - I hope they continue to improve their competitiveness.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
|
|
|
01-29-2012, 01:05 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
|
Quote:
Originally Posted by rescueme
True. But don't forget that the total new vehicle profit still goes back to the "motherland", regardless of where the car is assembled.
Labor is only one "cost" (along with parts, plant overhead, design/management). While at least the U.S. (worker) is now better off than having the entire car built/sourced in a foreign land, as had been in the past, it is not all of the story as to the financial impact to any car (or other) manufacturer.
|
Yes. I was only pointing out that it is more cost effective for foreign makers to build here because of non union labor costs and the relative weakness of the US dollar especially against the Yen.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
|
|
|
01-29-2012, 02:06 PM
|
#7
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
|
Well at least there is still a domestic car industry. There are those who believe we should have let GM and Chrysler fail, taking down the supply chain and probably hurting Ford too.
What kind of a nation would we be if we also completely off shored car production, as we've done with many other manufacturing industries?
|
|
|
01-29-2012, 08:16 PM
|
#8
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
Quote:
Originally Posted by Midpack
Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
|
Would these be the Japanese makers in Kentucky or the Japanese makers in some other U.S. state? And what about the exec at a Mercedes plant in a southeast state who was almost jailed for not having his green card in his wallet?
A GM plant in Detroit will hopefully pump as much money into the local economy as the plant from some overseas company in another U.S. state. That's what I'd hope, anyway.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
01-29-2012, 08:49 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
|
Quote:
Originally Posted by Nords
Would these be the Japanese makers in Kentucky or the Japanese makers in some other U.S. state? And what about the exec at a Mercedes plant in a southeast state who was almost jailed for not having his green card in his wallet?
|
Just heard that on This American Life podcast. The state was Alabama, which passed a very restrictive anti-immigration law where every govt. employee was obliged to check the citizenship status of anyone that they dealt with.
Law was targeted for Hispanic workers (though AL only has like 4% immigration) but state officials jumped through some hoops to reassure Mercedes and Honda, whose employees were also detained, that they're welcome and wouldn't be subject to the law.
[mod edit]
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|