Originally Posted by nuts4bmw  .......and furthermore, who's to blame for their financial troubles anyway??? The imports? Nope....they are...... they're their own worst enemy.
Just think about it. Who has been selling all the technology and specifications to China and Korea in order to save a buck on production costs? Who has been manufacturing parts in Mexico and other parts of the world to save a buck?
With China's booming economy of late, cheap labor, and lack of enviornmental standards, where do you think the BIG 3 are going to set up shop once they go bankrupt in North America???? You guessed it. |
Just want to echo the previous posts, like the children's story about the race between the rabbit and the turtle, while the big3 have been sleeping for decades, the Koreans have been making leaps and jumps in their auto industry -- from Hyundai Pony to Hyundai Genesis; from local Korean market to pan-asia then world-wide. I must say it shows a lot of determination and hard work to get to their current stage. It actually took them comparatively fewer years than the Japanese.
By the way, the big3 does currently have factories in China. And Buick actually is a better seller there than in North America, but if the big3 don't clean up their act fast, they wouldn't last long there also. Currently, the Japanese, Koreans and Germans particularly VW & Audi is huge in China. They have been in China for decades and have factories there as well.
