If I remember correctly, Toyotas and Hondas were considered cheap and substandard when they were first introduced. Much has happened since then. And, yes, $10,000 cars will sound good to consumers, if they can afford them. But then why shouldn't they be able to afford them in this age of easy subprime credit?
Ed ----- Original Message ----- From: Harry Pollard To: 'Stuart Green' ; [EMAIL PROTECTED] Sent: Friday, July 06, 2007 7:16 PM Subject: Re: [Futurework] More gloooooooom Well, #10,000 cars sound good to 300 million consumers - that is if they are any good. Toyotas and Hondas are not the cheapest cars - but they sell the best. Harry ********************************** Henry George School of Social Science of Los Angeles. Box 655 Tujunga CA 91042 818 352-4141 ********************************** From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Stuart Green Sent: Thursday, July 05, 2007 2:54 PM To: [EMAIL PROTECTED] Subject: Re: [Futurework] More gloooooooom I would venture that Mr. Hargrove should fear less and prepare more. I am trying think of examples of job security trumping lowest cost but images of WalMart keep getting in the way. ------------------------------------------------------------------------------ From: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Date: Thu, 5 Jul 2007 16:42:33 -0400 Subject: [Futurework] More gloooooooom There's an interesting article on the potential impact of the Chinese auto industry in today's Globe and Mail. It indicates that the Chinese have a huge labour cost advantage in making cars, paying their assembly line workers 83 cents per hour (U$) as opposed to US costs of $73 per hour (U$). The article says that Chrysler has made a deal with the Chinese manufacturer, the Chery Automobile Company, to produce a low cost car ($10,000) that will initially be marketed in Eastern Europe and Latin America and in Western Europe and North America subsequently. Are North American workers worried. Absolutely. "The Chrysler-Chery linkup has worried and angered Canadian Auto Workers president Buzz Hargrove for some time. Mr. Hargrove fears the successful export of small cars will lead to auto makers building bigger vehicles in China and shipping them here." The article, by Greg Keenan, appears in the Globe's Business Section and is titled "Will Chery be Detroit's new nightmare?" It is sub-titled "Quality car at a low price could shake auto industry to its foundations when it arrives in 2010, analysts say". Ed ------------------------------------------------------------------------------ Invite your mail contacts to join your friends list with Windows Live Spaces. It's easy! Try it! ------------------------------------------------------------------------------ _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework
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