i think youd be very surprised if you actually did some research
not only do the cars say where they are assembled but they also say what percentage of the parts are from usa or foreign countries
for instance, the toyota tundra has more american parts and is made in america compared to ford/dodge/chevy
The $10 an hour figure is admittedly going back to a few years ago, I had a buddy that went to an SEC school and worked at a Toyota engine plant in the summers. He ended up graduating and using his degree at the GM plant up here doing the same thing for $30 an hour :lol:
EDIT: A quick google looks like they are starting at $16 an hour now FT. Little less for PT. So they picked it up a bit.
+1
and majority of educated Americans will be very lucky to get jobs in 3-5 years anyway.
Well looks like Nissan workers in TN make $25 to $30 per hour right now, and they don’t have to pay union dues out of that wage.
http://www.tennessean.com/article/20130412/BUSINESS03/304120119/Nissan-raises-workers-pay
i dont think using the government bailout of gm as an excuse for why they shouldnt outsource is valid. It was your own governments fault for bailing out the company it completely goes against capitalism. Should have let all the companies go bankrupt and start over.
Cool. They need to make the M56x there then because I want one of those and it’d be easier to talk myself into.
I am pretty certain that new hire wages were negotiated much lower now in the union contract at GM. Someone who works there might know for sure. I don’t think people off the street make anywhere near what they used too. Over a handful of years they get to full rate I believe. This is fair IMO
Also make me down for someone who would not buy a made in China car. I haven’t owned a domestic daily in awhile though but am in the demographic that would love to if something I like enough comes along.
---------- Post added at 04:54 PM ---------- Previous post was at 04:50 PM ----------
http://www.uaw.org/sites/default/files/GM%20HOURLY%20FINAL_fixed.pdf
---------- Post added at 05:04 PM ---------- Previous post was at 04:54 PM ----------
See my post about the wages. They start at like $15/hr now.
Also not sure where you get your info from about us not having jobs but the Canadian unemployment rate is 7.2% to our 7.6%. Better yes but not enough to warrant a comment as such in my opinion.
All’s well that ends well? I agree with the bold, you must allow bad debt to work it’s way out if you are truly capitalist. Of course we’ve been crony capitalists for many decades sadly. In the end our democracy (we the people) are the people continuing to elect the lobbyist puppets…collectively WE are to blame. Our government continues to reflect the greed & corruption of the average citizen. The ongoing problem is so many are on (and are being added to) the go-mint payroll. It’d be foolish to expect the masses to bite the hand that feeds. This is a well documented end result of having an overly democratic society, right?
forget where its made. its all about who’s running the show. wanna get down to the basics? metal wise, american companies make terrible vehicles. everything is paper thin and i dont know how many of the doors, hoods, etc I handled at work, have had oil can from factory. havent experienced anything of the like with your typical asian companies.
Since I actually work for GM I’d love to comment, but not at the risk of saying something negative about my job. Please continue speculating on wages, it’s very amusing.
Actually they don’t anymore…
The argument about shitty american cars is really late 80s early 90s
I rented 2 GM products over the past 2-3 years and they were pure garbage. Granted they were the lower end of the spectrum but it was like riding in a sardine can with wheels. No sound deadening, thin as fuck panels and just all around rubbish. I know people with shit like the top end Equinox and they had nothing but trans problems etc… so mechanical isn’t so hot either it seems. Crony capitalism < True capitalism
I’d buy a recently made GM vehicle if they actually made something that interested me more than other offerings. They’re making MUCH better cars, just look at the difference in quality between the last Caddy CTS and the current CTS. I’d say vehicles made > 2010 are a safe bet. How they’ll feel in 5 years is another story.
If GM cars are made in China in the future, it will be interesting to see if there are any quality changes. I imagine that there won’t be as many as people think.
Also in the news,
A federal judge in Detroit today sentenced a former General Motors engineer and her husband to prison time for stealing technology secrets from the company, with the goal of selling them to Chinese carmakers.
So regardless if GM makes cars in China, SOMEONE in China will be making GM cars, lol.
If you’re exclusively talking about ford here, then I agree with you.
Using all-in costs, direct production labour averages $1,741 per
vehicle, representing 4.2% of the average vehicle price.
…
• Raw materials and purchased auto parts account for 57% of
the price;
• Overhead, engineering, research and development account
for 16%;
• Advertizing costs average $1,091 for each vehicle sold;
• Dealership mark-ups average $1,497 per vehicle;
• Sales taxes average $4,984 per vehicle.
…
The ABC’s of Auto Investment
(an alphabetical list of decision-making factors)
• Access to capital
• Building costs
• Corporate taxes
• Energy costs
• Economic and political stability
• Equipment and tooling costs
• Government investment incentives
• Labour costs
• Labour force quality and availability
• Land cost and availability
• Proximity to markets
• Quality of life
• Regulatory climate
• R&D environment and support
• Supply base
• Trade agreement access to markets
• Transportation infrastructure
• Training costs and programs
straight from here
www.caw.ca/assets/pdf/590-Auto_Price.pdf
It’s tough to build anything in today’s society.
The stockholder is the primary customer. If you do not take
extraordinary measures to ensure year on year growth and profit, you will be severely punished.
(and your profit sharing/bonuses would really suck)
Everyone seems to forget how hard the last generation had to work to get the benefits that are now deemed too luxurious to have.
Production could come back to this side of the world, but it’s going to Mexico first.
EveryComapanyUSA inc. is following the same model. Don’t just single out car companies.
I would love to see the business plans of all the fortune 500 companies and see how large a role
low cost sourcing plays.
It’s getting harder and harder to keep making profit goals when all of your competitors are jumping on the model.
It’s a race to the bottom in terms of what employees will accept and yet it’s still better to live here than most other countries.
They’re not just ‘deemed’ too luxurious, they’re proven unsustainable. Look at the legacy costs GM has (or had) for example. Pensions & the like were a noble offering but short sighted at best.
This issue is in a global market you’re not going to be middle class building something on an assembly line.
I know a number of people who worked the GM plant on the line who had 200k houses and new corvettes. Its laughable people were making 30+ an hour and getting a pension assembling cars.
good ole economic espionage… more prevalent than people realize. Trust no one.
:lol:
This happens all day every day…
Government sponsored hackers in China hacking Fortune 500 companies and stealing all kinds of info and nobody in the US government gives any fucks…
Good example - Bloomberg - Are you a robot?