<VV> China NO CORVAIR

[Tony Underwood]

At 10:31 hours 09/16/2005, NicolCS at aol.com wrote:
>
>Profit??? Uh, just in case you haven't noticed, GM and Ford are drowning in
>a river of red ink.

That was my POINT.  It's been talked about now for the last 6 months.

  Look at the savings GM would net by building cars in China.   Then 
they wouldn't have to actually give the public a genuinely innovative 
and desirable product... if the one they wanna sell now is cheap 
enough, or if they could deliver a nifty item for less than current 
wallet-rape via having it built with cheaper labor.

>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.

...as has been bandied about all summer.   I even recall hearing 
old-time GM people talking about selling their GM stock and buying 
Japanese instead.   Sheesh...


>("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.

See my first reply above.


It's likely only a matter of time before cars bearing US (sorta) 
badges built in China show up on dealer lots.    And *we* won't see 
that much of a difference in the price, but somebody will.

Think I'm wrong?



tony..