capeman228

Foreign Carmakers More Domestic than Detroit's Big Three

Another shallow comment on the auto industry. What does 'more American' mean when you leave out the facts of the auto and factory design, the engineering that is the lifeblood of the industry and irreplaceable. Is INTEL a foreign company? Substantial parts of the chips are made abroad - but the engineering is primarily here. There is a political cant to these comments that mystifies me.

The transplant assembly plants represent the colonization of the American labor force by corporations whose top tiers of management and industrial engineering are all abroad.

Preview from Europe: Market Rally Was Running on Empty

I'm so tired of the attitude that American cars are terrible. I wonder how many of the people who make these comments have owned one in the last 5 years. My guess is that most would not be caught dead in an American car, but not for any reason that relates to quality.

Most of my wine and brie friends wouldn't look at an American car because their other friends would think it unsophisticated. Meanwhile my Ford has more room and gets better mileage than its Toyota counterpart. And there are plenty of US models that are superior or equal to the imports.

If Americans think that we can lose our auto industry and things will just go on, they are just silly as far as I am concerned.

The notion that we will survive on services and style and don't need manufacturing is about as credible as the praise for the Emperor's New Clothes.'

And the idea that the transplants are American made is silly; all manufacturing is global now, but when you lose the HQ, and the engineering, and the national identify, you've lost it all.






On Dec 10 09:31 AM investor88 wrote:

> Agree with the gloomy news to come but the market worldwide is in
> rally mode, a bear rally. This may go on for some time maybe till
> 20th Jan 2009 when Obama becomes President. Then re-evaluate from
> there.
>
> The market is able to dismiss bad news and react to good news, so
> maybe the bear rally has some legs until it falters again.