Posted on 06/20/2011 6:36:40 PM PDT by KevinDavis
A lot of words have been written in the past few post-tsunami weeks about the negative impact of the disastrous tragedy on the short-term future of Japanese cars in the U.S. market. In parallel, many articles proclaim this to be a “historical window of opportunity” for the “Detroit Three,” now able to deliver to waiting customers an abundant supply of new vehicles while, at Toyota, Honda and Nissan, the cupboard is bare.
(Excerpt) Read more at blogs.reuters.com ...
Proudly built at RacePlex, an automotive and racing industrial park just east of Danville, Virginia on the on the VA/NC state line an hour northeast of me. It's beside Virginia International Raceway, VIR, one of the best road courses in the country. 24 Hours of Rolex was awesome, the place draws people from all over the world. http://www.virnow.com
I’d always associated Ohio with Toyota, that’s where my Tacoma was built, Marysville I believe.
Want to try again?
My Chevy has an engine built in China (yes, China), a transmission from Japan and the whole vehicle was assembled in Canada.
My old Toyota was built in California with a majority of American-sourced parts. Too bad the union virus had turned that Toyota into a complete lemon.
Production ends in September.
That’s pretty cool, but Toyotas are built all over the place, now. Camrys are built in Indiana (Lafayette) and Kentucky (Greenville, I think). Sequoias are built in Indiana, and Tundras are built in Texas.
Nissan has a plant in Alabama, and Honda has one in Ohio. I am not sure how many more they have in the states.
Seems like the so-called ‘foreign-car makers’ employ a lot of red-state people to me!
Southern Ohio is pretty red, if you’ve ever been there. Cleveland it ain’t.
Well, I always liked Yamaha motorcycles. They also make very fine outboards, oh, and a friends old Ford SHO has a Yamaha engine.
Funny that.
Detroit (and the unions) screwed the pooch long ago. The rot an decay is now making it’s presence known.
For the record: I own three GM vehicles. The last GM vehicles I will ever own.
I just bought a 99 Outback Sedan, fully loaded with 130k for $1000. I had to put head gaskets on it for $150. Great car.
Buy GM and you are supporting the Chinese. That may make Obama happy, and Leon P and his Clinton pals, but it’s hell on the rest of the world.
Another difference - one is a communist Government owned Motors and the other is private industry.
“Actually GM and Chrysler bailouts were chickenfeed compared to the banks such as CitiCorp and Goldman and Wall St and AIG?”
Last I checked, AIG isn’t a bank, nor is “Wall St”. The Treasury made billions in profit on the investments in GS, MS, JPM, etc. There were big losses on the auto makers and AIG, though nothing compared with what has been flushed down the toilet with the ONGOING, INCREASING bailouts of Fannie/Freddie. “CitiCorp”? Off by a decade or two.
“the banks should have been knee capped, bankrupted and recapitalized by Govt. and then sold off and proceeds returned to taxpayers instead of going to banksters and their management”
That isn’t too far from what happened to AIG and Fannie/Freddie, minus the bankruptcy: massive stock dilution followed by pained attempts to recover the initial outlay.
To say that the government should have been “knee capp[ing]” any company or forcing it into bankruptcy, is not conservative as I understand the term.
Gee, and I can’t find a darn thing wrong with the new Fords.
Camrys are made in Georgetown, KY. It is a Lexington suburb.
http://www.toyotageorgetown.com/01camry.asp
I understand this is about the car makers. But at least maintaining the car makers allows the USA to produce something and they can be used to provide for the national security, which is much more than the financial companies do which tapped us out for trillions when the Federal Reserve handouts and no interest loans are included.
The banks, insurance companies, FRE and FNM all should have been held accountable. Ill gotten gains by their CEOs and others in the 2000s should have been clawed back. Why did the millions in bonuses that Franklin Raines got allowed to stand as well as Goldman , etc? Shareholders should have been wiped out too because there was no value and companies were not viable. Instead taxpayers bailed them out, their assets were purchased by the Fed, and the dollar declined.
Right, there is no value to having robust capital markets. And I guess you have never worked for a company that has ever borrowed money or sold shares to the public, done business with companies that have. You probably have all of your savings in bullion mined refined and sold by private, debt-free companies.
You sound like you're upset that some people got a lot of money they didn't deserve. Get over it, it happens every day in every company in every industry. Instead be mad that the government is filled with people who are inveterately corrupt, that the rule of law has been turned upside down, and the Constitution is treated as a punch line.
As a final note, the Comments section of Zero Hedge really isn't the best place to start learning about the financial system.
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