Showing posts with label Car wars. Show all posts
Car Wars - again
I recently received a broadcast forward of an e-mail forwarded to me. It was a great, old and sentimental advertisement for the Ford Mustang. But the feel good message was obscured by the original senders words "THANK GOD WE HAVE ONE AMERICAN CAR COMPANY LEFT. THE OTHER 2 ARE RUN BY OBAMA HENCHMEN." Yes, all caps and big, bright blue letters shouting a political message. Of course this is "Car Wars as proxy for politics, a subject we have discussed before. Yes, many people blame unions for the troubles of the domestic automakers, and blame President Obama for anything union. But that is a simplistic blame. The auto bailout saved the American auto industry (yes, Ford too) and resulted in restructured companies and saved jobs. I fail to see how that is a bad result, even if a collateral benefit favors the United Auto Workers or any other union.
Global sales boost GM
For the first time in its 102 year history, General Motors sold more vehicles in China than in the United States. GM was narrowly edged by Toyota as the world's largest automaker, a position held by GM for 76 years until 2007 when Toyota took the lead. GM sales were up 29% in China, 12.4% in Russia and 10.4% in Brazil.
Car Wars 2011
Ford and General Motors are expected to distribute sizable profit sharing checks to workers, a sure sign of the rebound of these two domestic automobile companies. Also of note, is the labor cost reductions which have contributed to the recovery. Money quote:
The gap in labor costs between Detroit and the foreign-owned factories in the United States has narrowed considerably. Ford’s total labor cost for a worker — a combination of wages, benefits and pensions — has been reduced more than 20 percent and is now about $59 an hour, compared to $56 at Toyota, according to the Center for Automotive Research in Ann Arbor, Mich.
This, of course, goes a long way towards explaining the UAW's promised effort to organize the domestic plants of foreign automakers.
VIP Followers
Info recommended by:
Webpages of law
Popular entries
-
500 Coke employees lost their health insurance the day after they went on strike. The union has sued under ERISA , claiming the action wa...
-
(BY HUGO) On 27 April, the Québec Ministry for Sustainable development, Environment and Parks presented a regulation project on pricing of ...
-
Well kids I plan to scoot out of here shortly, to begin my long solemn weekend regimen of prayer , reflection , and expanding my abdomen , s...
-
(BY HUGO) Just a quick post to follow up on reports relating to shale gas leaks from wells in Québec. The Québec Ministry for Natural Resour...
-
(BY HUGO) Since the beginning of May, the flow of an emissary of Lake Champlain, the Richelieu River, is near or at record level, and a larg...
-
(BY HUGO) Les Cahiers de droit just published their issue 3 & 4, Vol. 51, a special issue on water law with many articles exploring int...
-
Former CFO for R. Allen Stanford, Jim Davis, pleaded guilty to fraud yesterday . This is probably not good news for Proskauer's Tom Sjob...
-
Billy Shields has a nice piece on the never-ending saga involving BDO Seidman and the new trial that commenced this week against BDO Intern...
-
Well kids it's the end of another work week (unless you are working all weekend or don't have a job at all), so I'm flying the c...
-
You know, I find it more than a little annoying that Scott Rothstein has stolen my 3d DCA "bunker" imagery. It's mine, dammit!...