| Moderated By: Arthur Tang -- (Moderated) -- Started: 12/17/2006 4:55:03 AM Revision History |
American automobile companies had a lot of bagage to carry, mostly fringe benefit obligations that they are trying to shed. they have some success, but not enough to save them from natinalization by the federal government.
It started out with undeciplined acquisition of foreign troubled car compamies. Owning 30-50% of foreign car companies, you have to run them for profits in host countries. Never do it in america to compete with yourselves. Cheap labor will be too much competition to cut into US market shares in America. Toyota owned by GM is a good example of lost market shares. Mazda for Ford is a good example but not as bad. Profits made in Japan did not help US car companies to stay solvent. We have to consider nationizing these two companies to run them profitably.
We will discuss technologies needed at the dealership; and technology used in manufacturing cars in the US. Any improvements here will make nationalization un-necessary, if successful.