Heres Why GM is Screwed and What It Means for America
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Date: 2019-09-23
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Comments and reviews: 9
JS Krawz
Point 1: I predict that companies will start to build products in Africa We are increasing China's middle class exponentially. It will get to a point where it won't be viable to produce products there. Remember when almost everything was made in Japan? What happened there? Got to expensive there so companies went to China. Just think how cheap it would be to produce products in Africa Heck Just feed them and they would be happyPoint 2: Not sure why Scotty rips on Subaru so much. They have been perceived in just about every review I've seen as very reliable vehicles (except the WRX) and have won many prestigious awards. I love my '09 Forester. I have a little over 150, 000 miles with just basic maintenance. I can haul a bunch of stuff and I average 26. 5mpg in mixed driving. Winters in Michigan can be brutal and the Subaru has never let me down. They are amongst one of the most purchased brands in Alaska. That should tell you something.
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Point 1: I predict that companies will start to build products in Africa We are increasing China's middle class exponentially. It will get to a point where it won't be viable to produce products there. Remember when almost everything was made in Japan? What happened there? Got to expensive there so companies went to China. Just think how cheap it would be to produce products in Africa Heck Just feed them and they would be happyPoint 2: Not sure why Scotty rips on Subaru so much. They have been perceived in just about every review I've seen as very reliable vehicles (except the WRX) and have won many prestigious awards. I love my '09 Forester. I have a little over 150, 000 miles with just basic maintenance. I can haul a bunch of stuff and I average 26. 5mpg in mixed driving. Winters in Michigan can be brutal and the Subaru has never let me down. They are amongst one of the most purchased brands in Alaska. That should tell you something.
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Alejandro Unda
It should've gone the way of the dodo long time ago. Funny, the last best GM cars I ever rode were my uncle's 77 Vista Cruiser, my stepdad's 74 Laguna, 400 and all the bells and whistles; and last but not least, a 1982 Opel Senator, that bested the others and we ended up bringing it to the US. The Senator attracted a lot of people who never saw one and my stepdad sold it to the owner of a foreign car service in Salem, Mass, who knew what he was buying. That Opel exists nowadays with about 200, 000 miles and running like new Then the 1981 Rover 3500 SD1, bought new in 1984, great car with the Buick aluminum V8, but that's for another day.
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It should've gone the way of the dodo long time ago. Funny, the last best GM cars I ever rode were my uncle's 77 Vista Cruiser, my stepdad's 74 Laguna, 400 and all the bells and whistles; and last but not least, a 1982 Opel Senator, that bested the others and we ended up bringing it to the US. The Senator attracted a lot of people who never saw one and my stepdad sold it to the owner of a foreign car service in Salem, Mass, who knew what he was buying. That Opel exists nowadays with about 200, 000 miles and running like new Then the 1981 Rover 3500 SD1, bought new in 1984, great car with the Buick aluminum V8, but that's for another day.
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Andrew Manche
the very reason corporations are sending manufacturing to China is because of UNIONS - the workers have priced themselves out of the global market this is why U. S. workers are paid 25 times more than Indian workers and 5 times more than Chinese assemblers - then there's annual leave, sick leave, parental leave, health insurance etc etc etc on top of the basic U. S. wage51 grand a year (over half a million a decade, per assembler) to have some medium skilled person repeat the same simple assembly job over n over - no wonder they invest in robots where they canwork for half your normal pay and keep your job - or get woke and go broke
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the very reason corporations are sending manufacturing to China is because of UNIONS - the workers have priced themselves out of the global market this is why U. S. workers are paid 25 times more than Indian workers and 5 times more than Chinese assemblers - then there's annual leave, sick leave, parental leave, health insurance etc etc etc on top of the basic U. S. wage51 grand a year (over half a million a decade, per assembler) to have some medium skilled person repeat the same simple assembly job over n over - no wonder they invest in robots where they canwork for half your normal pay and keep your job - or get woke and go broke
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Matthew Graham
We should just move on with the notion that we are going be a cheap labor country. Maybe it will be China, then it will be India, then it will be Africa. There are so many people out there in the world to make widgets. We won't be that type of society. It will be a good thing when we move on from this. Our median household income hasn't been going down. The major problem with the USA is the high cost of living that makes it harder to afford things. That is our fault, not China. Let's move on from this manufacturing and do other things. Let's let the Chinese, Indians & Africans make stuff.
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We should just move on with the notion that we are going be a cheap labor country. Maybe it will be China, then it will be India, then it will be Africa. There are so many people out there in the world to make widgets. We won't be that type of society. It will be a good thing when we move on from this. Our median household income hasn't been going down. The major problem with the USA is the high cost of living that makes it harder to afford things. That is our fault, not China. Let's move on from this manufacturing and do other things. Let's let the Chinese, Indians & Africans make stuff.
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Dan Sanger
GM can't possibly shift their US production to China. Why? Because GM produces mostly light trucks, and the so-called Chicken Tax, which has been around since the 1960s, imposes a 25% duty on light truck imports (except for imports from Canada, and later, Mexico. As for the Tesla factory in China, that's for the Chinese market, which has a MUCH MUCH larger EV market than the US (and much bigger auto market in general. Tesla is production-constrained. They aren't going to be shutting down any plant anytime soon. However, they will probably open a European factory.
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GM can't possibly shift their US production to China. Why? Because GM produces mostly light trucks, and the so-called Chicken Tax, which has been around since the 1960s, imposes a 25% duty on light truck imports (except for imports from Canada, and later, Mexico. As for the Tesla factory in China, that's for the Chinese market, which has a MUCH MUCH larger EV market than the US (and much bigger auto market in general. Tesla is production-constrained. They aren't going to be shutting down any plant anytime soon. However, they will probably open a European factory.
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theJman
Those of you thinking GM will go bankrupt are a little off with your prediction. GM is still the number one auto company in the world. In other words they have the most money. They own Chevy, Buick, and Cadillac. They used to also own Pontiac, Saturn, Oldsmobile and a few others before they went out of business. They also own parts of other companies just like all the big automakers do. As to who owns what part of what company gets a bit complicated but basically they aren't going to run out of money anytime soon.
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Those of you thinking GM will go bankrupt are a little off with your prediction. GM is still the number one auto company in the world. In other words they have the most money. They own Chevy, Buick, and Cadillac. They used to also own Pontiac, Saturn, Oldsmobile and a few others before they went out of business. They also own parts of other companies just like all the big automakers do. As to who owns what part of what company gets a bit complicated but basically they aren't going to run out of money anytime soon.
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D Matt
The Tesla vehicles produced in China will not be for the American market, but they are indeed an impressive American car manufacturer representing us overseas. Legacy manufacturers like GM are too slow to adapt to the massive wave of electrification coming to the whole world. America, the biggest producer of oil in the world, can't seem to get behind EVs because of the potential short-term profitability of oil from fracking. It's like watching a dinosaur struggle in a tar pit.
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The Tesla vehicles produced in China will not be for the American market, but they are indeed an impressive American car manufacturer representing us overseas. Legacy manufacturers like GM are too slow to adapt to the massive wave of electrification coming to the whole world. America, the biggest producer of oil in the world, can't seem to get behind EVs because of the potential short-term profitability of oil from fracking. It's like watching a dinosaur struggle in a tar pit.
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4 gauge
What's good for GM is good for America. Going out of business is making America great again. My family owned GM cars dating back to the 1920's, their cars have ALWAYS been low in quality and reliabilty. My grandfather was a private practicing doctor and bought series 90 Cadillac Fleetwoods and they were a total nightmare, front end alignments, engine timing, vapor-locking, suspension issues were just some of GM'sPLANNED OBSOLESENCEproblems back in the 1920's, 1930's.
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What's good for GM is good for America. Going out of business is making America great again. My family owned GM cars dating back to the 1920's, their cars have ALWAYS been low in quality and reliabilty. My grandfather was a private practicing doctor and bought series 90 Cadillac Fleetwoods and they were a total nightmare, front end alignments, engine timing, vapor-locking, suspension issues were just some of GM'sPLANNED OBSOLESENCEproblems back in the 1920's, 1930's.
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Eric MBz-Subi
So true Scotty, trade in was my brand new 2017 Subaru Legacy with the horrendous CVT (more problems then just the CVT) for your recommenced brand now, Mercedes lmao since Toyota is also going downhill. Supra is now a rebadge bmw. Fr-s is Subaru but at least there is a manual. Lower class is mixed with Mazda. Corolla best selling car is now with CVT. Dont care for the rest. Now with Mercedes, You fix them and test drive them but I buy them and drive it daily.
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So true Scotty, trade in was my brand new 2017 Subaru Legacy with the horrendous CVT (more problems then just the CVT) for your recommenced brand now, Mercedes lmao since Toyota is also going downhill. Supra is now a rebadge bmw. Fr-s is Subaru but at least there is a manual. Lower class is mixed with Mazda. Corolla best selling car is now with CVT. Dont care for the rest. Now with Mercedes, You fix them and test drive them but I buy them and drive it daily.
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