<VV> China NO CORVAIR

[N. Joseph Potts]

Is this message from Craig, or from Tony? Tony who?

-----Original Message-----
From: virtualvairs-bounces at corvair.org
[mailto:virtualvairs-bounces at corvair.org]On Behalf Of NicolCS at aol.com
Sent: Friday, September 16, 2005 1:32 PM
To: virtualvairs at corvair.org
Subject: <VV> China NO CORVAIR



Profit??? Uh, just in case you haven't noticed, GM and Ford are drowning in
a river of red ink.  GM is considering bankruptcy and Ford just brought in
a
turnaround specialist who's taking Bill Ford's job.  Both have "junk"  bond
status now.  ("Blue chip" when we were young)  They're not making  ANY
profit.
GM's earnings on large SUVs were carrying the whole company, and now  those
sales are way down below the profit level.  Delphi is wavering  between a
$2.5B
GM buyback (which would sink GM to lose everything) or  bankruptcy.  Visteon
tanked and is being bought back by Ford.   BTW the hourly cost (including
bennies) for the average US autoworker is  $65/hr.
Craig Nicol

At least  two of the Big Three already have factories in China.    And
according to what I've been told, they're making cars there already,
for Pacific Rim and eastern Europe customers.    Shouldn't be  real
hard to gear up to produce cars for the US markets... so somebody can
pocket even more profit.


tony..



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