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Good ole Elroy has his numbers wrong. Japanese parts suppliers are here.
Nov 11 18:11 pm
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All Comments by Charles A. Boy Jr. »Why the Detroit Bailout Should Include Bankruptcy [View article]
Detroit has been buying parts from Korea and Mexico for the last 20 years. Assembly is mostly Canadian. Why? Among other things, Canada has a national health insurance system.
What's left are an overpaid few who make outrageous money compared with other industries doing the same kind of work. NAFTA has benefitted them enormously. What difference did it make? Look, GM and Ford have spent a fortune facilitating Shanghai with plant and equipment. They have Design Centers there! It was expected that both would become exclusively importers of vehicles into this country. How about ending this bail out insanity and get back to real business?