NBC REPORT.....US AUTO INDUSTRY AT A CROSSROADS

[ANDY M]

For what it's worth, Toyota, Honda, Nissan and Mazda built plants here because American workers are more productive than their Japanese counterparts. If that wasn't true, they never would have invested the billions of dollars to build the plants and pay the parts suppliers to help make their AMERICAN built cars the best selling cars in the country.
Mercedes, BMW, Subaru, Mitsubishi and now Hyundai all have plants in America now.
GM bought and lost it's ass on Fiat in Italy. Same thing with Saab, which is now sharing a platform with Saturn. They also sold off their share of Fuji because it was losing too much money.
Daimler-Chrysler sold off Mitsubishi for the same reason.
They weren't making money out side of America, and they were losing money here.
Remember Iszusa? GM would like to forget what they lost on that deal. Same with Suzuki.
They are now selling more trucks and cars without the Chevy bowtie on it.
Ford would like to forget how much they lost trying to sell Kia, which seems to be selling well without a blue oval on it.
For what American automotive exectives are being paid, they sure have a spotty track record, but yet the top execs still get paid more than rock stars do.
No comparison between the union wages and the top execs salaries with perks.
JMO