Quote:
Originally Posted by Sulu
but they cannot blame anyone but themselves. Unlike their European operations, the North American operations were poorly managed
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You're somewhat right, but the biggest factors on why American car companies are sinking are:
Unions: Unions are destroying the big 3. They're extorting the manufacturers and bleeding them dry. They have ridiculously lavish pension plans for their employees.
Unprotected American auto industry: Japan has quotas and huge tariff on vehicles that enter their port. They limit how many cars a foreign manufacturer can bring in even if it's highly successful. They also slap foreign vehicles with big taxes. Here in the U.S., the "import" cars are often cheaper than in countries where they are made. They simply aren't slapped with a tariff.
Corrupt politicians: Our corrupt politicains permit our auto industry to be ravaged by foreign companies. Their priority is to get their bribe money from foreign companies rather than protect American jobs. Corrupt politicians also allow foreign entities to buy up our industry and MANY industrialized nations PROHIBITS the selling of their industry to foreign entities.
Greedy CEOs and share holders: If moving a Ford plant from Detroit to Mexico will generate a $200 million profit... the dirty bastards will do it. If it means that the CEO will get an extra $50 million/year, 3 mansions, 4 gulfstreams... they will do it, despite killing American jobs.
Sure you can say, "Well they deserve it." Well... the CEOs and the share holders and the union leaders do deserve to go broke and live in skid row. However, the victims will always be the worker who is trying to earn a living so they can feed and house their family.
