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Yesterday's doubled-digit gains in April auto sales for the Big Three (GM, F, FIATY.PK) is...

Yesterday's doubled-digit gains in April auto sales for the Big Three (GM, F, FIATY.PK) is another indication that the tables have turned in the automobile industry. The Detroit automakers increased their U.S. market share by 150 bps to 46.2% in just a year at the expense of Japanese automakers (NSANY.OB, HMC, TM). The trend has become so entrenched that Nissan is cutting prices and Toyota is reeling from the realization that its powerhouse Camry is now "boring" to consumers.
Comments (8)
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    This is great news for American manufacturers. Let's get those imports out and produce more American products!
    2 May 2013, 01:33 PM Reply Like
  • schwuchow
    , contributor
    Comments (26) | Send Message
     
    Just too bad, that Camry is the most american car out there, built by 7000 american workers at TMMK in Georgetown, KY with over 80% american parts ...
    2 May 2013, 05:13 PM Reply Like
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    The Camry will be American when GM buys Toyota!
    7 May 2013, 09:06 AM Reply Like
  • Tdot
    , contributor
    Comments (3299) | Send Message
     
    Seeing as GM's Market Cap is $44.1B and TM's is $188.3B - well it might be a bit of a stretch.
    8 May 2013, 12:59 PM Reply Like
  • tcbracing
    , contributor
    Comments (252) | Send Message
     
    "Chrysler, Ford and GM are just three of 16 major global automakers competing in the U.S., but they employ two-thirds of America’s autoworkers, purchase nearly two-thirds of the auto parts manufactured here, produce 55 percent of the autos assembled here and conduct most of America’s auto research and development."

     

    "Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year."
    http://bit.ly/QjEhfq
    9 May 2013, 02:07 PM Reply Like
  • frankfernandes@gmail.com
    , contributor
    Comment (1) | Send Message
     
    GM employs more Americans than all foreign car companies combine. Please don't think that low wage "assemblers" makes up for the rest of the real work done in Japan. All the parts are built overseas and robots finish the job while people watch. Who did the design on the car? Where are the engineers? Sales Executives. R&D costs billions. Where are the high paying jobs, assembly is cheap. Please don't call a Camry American, because the folks in Japan certainly don't.
    6 May 2013, 04:04 AM Reply Like
  • schwuchow
    , contributor
    Comments (26) | Send Message
     
    ... low wage "assemblers"..
    These are pretty good jobs too, paying $80K or more with overtime. And there's a multiplier effect, with supplier jobs and businesses all around the area.
    6 May 2013, 10:56 PM Reply Like
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    Why are you crying? Some "assemblers" get better pay? That is Capitalism for you! Don't like it? There are many "socialist" nations you can move to and get an even pay.
    7 May 2013, 09:08 AM Reply Like
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