Toyota may be benefiting from the US maker's woes, but it's not unfair.
They made their bed (agreements with the UAW), now they're sleeping in it.
Toyota has a more efficient business model, which is why they are doing well.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Toyota has a more efficient business model, which is why they are doing well.
That is my opinion as well, I find it funny that a weak yen is blamed when the Toytoas are built in America, that would mean that the Japan is being paid in stronger US dollars at a time when the US dollar is weak.
With so much production occuring inside the US, it is hard to blame Japanese currency policy, look at where the Japanese are locating their plants, outside of Unionized areas and they are just as productive building a better product at a hefty price.
IE this is't Walmart flooding the market with chinese rubbermaid goods.
The UAW is killing the auto makers like the USWA killed the steel makers.
The so called job bank is one of many thing s that is dragging the Big three under.
You cant have things like that anymore and hope to keep up to the Japs.
So a Chrysler hourly employee takes his 100K settlement, moves to MS, buys a cheap house for cash and starts working for Toyota. He as a great resume and a great new job with a successful company employing thousands of american workers.
Where's the downside again?
In the '70s and the '80s, the domestic automobile manufacturers sold their souls to the devil (the UAW) in return for labor peace. The chickens have come home to roost.