Nice post.

 

He does know what he is talking about and the facts are the facts. Nissan, Toyota etc are “foreign” in every way, shape and form.

The profits go back to the homeland, which is not America. I don’t understand why some people find that hard to believe, but sometimes people want to be blind to the facts.

Let’s break it down and try to make this easier to understand:


Ownership:

Ownership is the most important part. Ownership equals control, and control equals sovereignty. America can not control her destiny if the manufacturing base is under foreign control (i.e. Toyota, Nissan, etc.)

The one with ownership controls the “entire” game. They can pick up and move any time they like and the money goes with them, they have no ties to America and thus none of their profits go back to America.

It doesn’t matter when an American company moves some manufacturing jobs off shore because when they bring those products back into America’s economy it makes that company money and those profits are taxed and feed back into the economy. That is not true if Toyota was to move all their plants to Mexico, or back home.

A great example is some of the smaller electric motors we use to produce we can no longer produce due to cost. They are made in China and even if they are sold to another country our company stills pays U.S. taxes on it even though it never came into America or shipped out of America. In other words a company in Japan may make a purchase and then we drop ship from China to Japan. The motor never touched America soil but yet the profits come home to America and are taxed here.

If a company is not American owned like Ford it is a foreign company and it doesn’t matter if they do everything here in America. It is still foreign and the money goes home.

Ownership is what matters, not where the jobs are actually located…

 

You're trying; that's nothing to be ashamed of. You've convinced yourself what you're saying is so true, that you're not willing to assimilate any new information--yet.

edit: Multinational corporations (especially american multinats) rarely repatriate income. Congress passed a law last october (American Jobs Creation Act of 2004) in an attempt to encourage American multinats to repatriate overseas income, but it really hasn't done much so far)

Here's what we're going to do. Let's check back here in 90 days. I'll be able to connect the dots better for you when we can see the actualized affects of the price cuts. Nissan seeing an increase this dramatic in a market where the competition slashes prices isn't good, as you'll see in a few months.

search engine tag: net margin problem

http://moneycentral.msn.com/detail/s...e?Symbol=NSANY
http://moneycentral.msn.com/detail/stock_quote?Symbol=F
http://moneycentral.msn.com/detail/s...e=qd&Symbol=TM
http://moneycentral.msn.com/detail/s...uote?Symbol=GM
http://moneycentral.msn.com/detail/s...=qd&Symbol=DCX

-Fatz

p.s. You don't need a currency translator. Despite what you've heard, Nissan America reports reports their financials in dollars.

 

Yeah, they have Amercian divisions. Parent corp Toyota (which is the name of a city in JAPAN) is still a Japanese entity. So is Nissan.

Multinational, yes. American? NO.

Where is Toyota and Nissan world headquarters?
JAPAN.

Where is Ford world headquarters? DEARBORN MICHIGAN!.

Don't try to tell me that Toyota and Nissan are American companies.

I suppose you believe Hyundai is an American company as well?

 

The only reason that the foreign car makers have plants in the US is that it is a cheaper cost alternative.

1. Millions of dollars in State and local tax breaks to bring in jobs
2. No tariffs or import quotas to worry about
3. cheap rural labor

You go to the Nissan Plant in Canton, MS- There are transplanted Japanese holding many of the higher dollar jobs at the plant as well as with many of the supplying vendors.

Most of the line workers are uneducated lower income black people. Most of the supervisors are white middle income workers.

The foreign makers are not saddled with millions of dollars of pension and health care cost and peoples perception is that the foreign makers have a higher quality product-which may or may not be true put as long as it is percieved that way, they will continue to be able to charge a premium for their vehicles.

 

I just read an articel, interestingly enough, that shows HUGE "sales" for GM due to the employee pricing strategy. But, they said GM cannot remain viable at this level even though they moved a lot of steel, as did Ford & Chrysler- they moved that steel with almost no margin of profit, compared to what it would be if the same number of vehicles sold through the normal haggle process.

There's no doubt the Ford/GM/Dodge will ALWAYS move more volume than the Japanese trucks. But, if you're only making $100.00 profit after all teh bills are paid on each truck, and I'm making $2,000.00 for moving one unit, you have to sell (20) for every (1) I sell, just to keep pace.

Don't let the number of units sold impress you.. It goes deeper than that.
If it didn't, Toyota- who sells far less units per year globally than GM does; wouldn't be able to "Out-Right Buy" General Motors, if they wanted to; just off of their PROFIT, from 2004, alone...

Toyota has FAT POCKETS, and they are letting GM stay in the game because it helps Toyota in the long run...

You can't apply Wal-Mart purchasing & sales strategy to the automotive industry, not when you have highly paid employees, and unions with increasing demands.

 

And-
Let's not sell the southerners short by ASSuming that the workers are black, uneducated, etcetera. I would say that they same is probably true for the workers in the northern plants as well. Just because you're in a union, doesn't mean you're educated.... Besides, none of us here know what they have there- all we can do is ASSume what level of education they have. And, you know what ASSuming does...

Quality has been a stronghold for the Japanese vehicles for almost two decades. That perception is not going to change over night. Heck; even Hyundai's quality rivals if not surpasses that of many American branded cars. That's not their fault; it's our "Let the dealership fix that" mentality.

I grew up listening to the men in my family denounce "Rice-Burners" all my teen years; my family was pro GM, with a few Fords here & there. So, quite naturally I bought GM's too. I went 0 for 2 with my first two; and when my girlfriend bought a Honda- I was stunned. I gave her the "Why'd you buy a Rice-Burner" speech.

After she picked me up from the dealership about 8 times, taking my new car in for repeated problems, and little attention to detail issues that should have been remedied before I ever got the car; I vowed my next car would have that "H" on the hood...

That Honda was rock solid; and hardly a day goes by that I don't see a few of those 1993 Honda Accords still on the road... We bought Nissans that were also rock-solid. I vowed never to own another American made car; but after seeing the 1997 F-150; I decided to give the US one more chance to impress me automotively... They did- and I've been in an F-150/Expedition since 1999.

But, I still have much love & respect for Nissan, Honda & Toyota. Say what you want, they build a damn-fine vehicle; be it truck or car.

And, until I get my loyalty check from Ford or GM, I'll continue to buy the vehicle that impresses me most, at the time...

Be it Honda, Ford, Nissan, Chevy, Toyota, Dodge, Mitsubishi, Pontiac, Subaru, GMC, Suzuki, Saturn, Hyundai, Mercury, Lexus, Lincoln, Chrysler, Kia, Cadillac, Infiniti, etc...

PROFIT

 

...

 

No assumption was made here ciaagent, Nor was the race card played. I have been to the plant, I know people who work there both on the line, in supervisory roles and in mgmt. I was stating a demographic fact about that area and that plant in general. No derogatory terms were used and no assumption was made....just the facts as they relate to this particular plant. And yes there are exceptions( in my post I said the line workers were mainly made up of "uneducated balck people" ) yes there are white folks, asians, latinos, gays and straights working there along with blacks and all of them have varying degrees of education. I will clarify what I deem uneducated purely in a sense of post-secondary, jr. college and college education, everyone knows there are different ways to learn and different ways to view whether someone has an education...but most people look at how many peices of paper you have on the wall...now is that the right way to look at it?..Whose to say, different people have different views but most people who have completed high school, college or obtained a graduate degree soon realize that while you may get a basic underlying premise of how things work while in school, you generally learn alot more from real OTJ experience than you ever did in a classroom. But in order to get that job so you can get that experience you must have that piece of paper that says you completed the prereq's for this job. On the flip side sometimes it doesn't matter how much education you have you still fail to learn from mistakes and have poor judgement, in fact I personally know of one upper level manager at the Canton plant that happened to be black that just got fired for sexual harassment...funny thing was that's why he got fired from his last job as well. Of course it could have been anybody but in this case it was the HR manager...should have known better

So sure there are exceptions to every rule but like I said in general at this particular plant thats how it is.

 

:santa:

 

Pretty simple
Nissan/Toyota- Japanese
Ford/Chevy- American :santa:

 

Just to throw a little more gas on this fire, isn't Nissan as much FRENCH as Japanese these days.

 

Indeed, they are...

 

everyone is up except Ram and Ranger.

Maybe the gas prices are starting to affect those 8 mpg Hemis