Chineese express interest in buying American Auto Industry

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SampSon

Diamond Member
Jan 3, 2006
7,160
1
0
American manufacturing is in very deep doo doo and no one in this country seems to care.
 

theeedude

Lifer
Feb 5, 2006
35,787
6,198
126
Well, since we are sending a lot of money to China, sooner or later they'll start buying up our assets with it.
 

6000SUX

Golden Member
May 8, 2005
1,504
0
0
Originally posted by: mwmorph
Originally posted by: Googer
Originally posted by: mwmorph
Originally posted by: herbiehancock
Chineese express interest in buying American Auto Industry

So, I read the linked article, Googer, but I never did see anywhere within anything related to your sensationalist thread title. Just wonder where the Chinese interest in buying out the American Auto Industry was........all I saw was an article about Chrysler, not the American Auto Industry, and their financial problems of late. The entire article, about Chrysler's "sale", was speculation because of a statement from a corp. exec. responding to a question from a reporter. DaimlerChrysler came out stating there was no sale pending after rampant speculation from Uebber's comments.

Maybe it was this section:

There is also the possibility of a Chinese buyer interested in the Dodge and Jeep brands and wanting to make its mark on the American auto industry, he said.

But Phillippi and others are skeptical.

?I don?t necessarily think they would feel comfortable taking on the kind of union contracts that Chrysler, GM and Ford have to work under,? he said.

Charlie Hughes, former head of Mazda and Land Rover, agrees the Chinese are in no position to take over America?s third-largest automaker.

?The Chinese don?t have the technical capability nor the ability to sell cars the way the Chrysler team has,?
said Hughes, who authored ?Branding Iron,? on the failing U.S. auto industry.

?The company being purchased would know more about what they are doing than the company purchasing them. When somebody outright buys you, they may have the money, but they don?t have the experience. It could be a very difficult business to manage,? he said.


But I guess you missed the bolded part above.

And Chrysler is not the American Auto Industry. Sorry.

It's googer, he'd like to see every chinese person rot in hell.

I never once said that and I do not appreciate you starting rumors. However, I am a propnent of creating and preserving jobs in the USA; especially manufacturing. I am oposed to the Chineese (nation) taking over our buisness and country. George Washington wanted us to remain independant and self sustaining so that we did not have to rely on other nations for our needs. He warned us about making deals with forign nations and said that it would be bad for us. I just so happen to agree with him and it's not because he is a "Founding Father".

You also know who believed in self-sustaining economies. Karl Marx. Let me know how that experiment went. We live in a global economy. It is impossible to be self-sustaining and it is stupid to think that in a capitalist driven economy, we should forego an economic advantage when it is at our feet. Outsourcing is but a natural trend in capitalism and free market economies. If it can be had for less, then people will buy the same product for less.

Does this, if done too quickly, create extreme poverty in the working class? Sure, but then tough s***. Welcome to life. It is not fair and you cannot anticipate everything. Make a bad decision 10 years ago that is affecting you now? You made the decision, live with it. Do not expect me to support you just like I would not expect you to support me. Just like in nature and evolution/natural selection, you must adapt or go the way of the dodo.

You cannot stop change, just cope with it. The way it should be done is we do gradually outsource and then instead of providing the outsourced severance pay and welfare checks, we give them an opportunity for further education?

Truthfully, are you telling me that expect for a select few, that should be allowed to keep their jobs and be out phased gradually(such as those close to retirement), everyone else cannot succeed with different jobs given the proper opportunities? How many assembly line workers would not be successful manage a factory in china or learn automotive technician skills and work in the understaffed auto repair industry?

Fighting outsourcing is just creating an inefficient economy that is screwing every one of us as Americans. Why not instead focus all the money on improving the skills of Americans as a whole to be more competitive in the global market instead of fighting it and digging our own graves? Pensions/severence packages/welfare my arse, we are jsut raising a country of giant pu***** that cant compete. What we need is to take al that $$$ wasted and to put it in improviing Americans.

You present somewhat conflicting arguments: "tough sh** if you're the victim of rapid outsourcing", and "we need is to take all that money wasted and to put it toward improving Americans". I believe we need to tax outsourcing more heavily in order to help offset the harm to displaced workers; then it wouldn't matter how rapidly we outsource. The more rapidly, the better-- as long as we properly take care of workers that still honestly want to remain productive.

Actually, where the money comes from doesn't matter, but it is appropriate to make outsourcing companies share the burden more than they currently do. Social programs for displaced workers (especially retraining/education programs) are absolutely necessary to prevent the disappearance of the middle class. Without them we will become a nation of the ultra-rich and the ultra-poor, with a huge GNP but mass poverty.
 

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
I don't see anyone screaming about:

Billions of trade deficit we have annually with China.
Billions of dollars we borrow from them in term of T-bills and federal government borrowing/financing of the budget deficit.



Why we are upset if an outside company wants to buy an American company yet it is ok for an American company to buy an outside company? Afterall, we live in a GLOBAL interconnect capitalism market.
 

fitzov

Platinum Member
Jan 3, 2004
2,477
0
0
You also know who believed in self-sustaining economies. Karl Marx. Let me know how that experiment went.

Retaining capital in your country's economy is not Marxist (and, if you wouldn't mind, cite some reference instead of setting-up a straw man)--it's just good sense for any country that wants to retain its leverage. When you pay workers that make products in US, and they buy products made in US, it's a win-win situation. When you pay workers outside the US to make products for sale in the US, you might increase your own capital, but you're depriving the working class of the means to buy goods. Eventually that means runs out--just look at the housing market for an example.
 

6000SUX

Golden Member
May 8, 2005
1,504
0
0
Originally posted by: Svnla
I don't see anyone screaming about:

Billions of trade deficit we have annually with China.
Billions of dollars we borrow from them in term of T-bills and federal government borrowing/financing of the budget deficit.

Why we are upset if an outside company wants to buy an American company yet it is ok for an American company to buy an outside company? Afterall, we live in a GLOBAL interconnect capitalism market.

We are rightly upset if the US suffers, global "interconnect" market or not.
 

Squisher

Lifer
Aug 17, 2000
21,204
66
91
Originally posted by: b0mbrman
Originally posted by: Squisher
Originally posted by: Shawn
I don't get why we don't eliminate unions in the US. They are supposed to help the people, but all they are doing is putting tons of american companies out of business because they can't compete. The Chinese can sell things for cheaper than it costs to manufacture in the US.

I guess because we're not supposed to be living in a totalitarian state.


I guess unions designed cars people didn't want to buy and made the poor business decisions that got the domestics in the position they're in.

With executive compensation dwarfing their previous levels and the levels of their foreign counterparts we could expect monies given back by the unions to be returned to the consumer...............NOT.


You'll see big changes in the next round of bargaining in 2008. I see health care, jobs banks being addressed.



And, I'm all for you being paid what a Chinese national gets to do your job. Tell me how that'll work out for you.

A Chinese national doing comparable work and doing it where I'm doing it? Sure thing...

The only issue is that I continually to improve. I focus my efforts on additional training and education, so that Chinese national is going to have to work pretty hard to keep up.

The problem is that a Chinese national will either be doing your job in China or because the industrial machine in this country becomes so decimated the demand for your services will dwindle in this country so as to pay you what a Chinese national gets in China.

I will never doubt the industriousness of the Chinese.
 

bctbct

Diamond Member
Dec 22, 2005
4,868
1
0
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

30 years ago we got alone fine without cheap asian crap, now everyone thinks there are better saving .10 at walmart.

Hookers once a week is cheaper than a wife, but the quality isnt near as good.
 

NL5

Diamond Member
Apr 28, 2003
3,286
12
81
Originally posted by: bctbct
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

30 years ago we got alone fine without cheap asian crap, now everyone thinks there are better saving .10 at walmart.

Hookers once a week is cheaper than a wife, but the quality isnt near as good.

QFT
 

b0mbrman

Lifer
Jun 1, 2001
29,470
1
81
Originally posted by: bctbct
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

Ha.

Protectionism is short-term profits for the domestic auto industry, but at the short term expense of domestic consumers and long term expense of other domestic industries
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: bctbct
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

30 years ago we got alone fine without cheap asian crap, now everyone thinks there are better saving .10 at walmart.

Hookers once a week is cheaper than a wife, but the quality isnt near as good.

BFT

Before you know it will be The United States of China/Mexico.
 

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,601
167
111
www.slatebrookfarm.com
Originally posted by: mwmorph
I never once said that and I do not appreciate you starting rumors. However, I am a propnent of creating and preserving jobs in the USA; especially manufacturing. I am oposed to the Chineese (nation) taking over our buisness and country. George Washington wanted us to remain independant and self sustaining so that we did not have to rely on other nations for our needs. He warned us about making deals with forign nations and said that it would be bad for us. I just so happen to agree with him and it's not because he is a "Founding Father".

You also know who believed in self-sustaining economies. Karl Marx. Let me know how that experiment went. We live in a global economy. It is impossible to be self-sustaining and it is stupid to think that in a capitalist driven economy, we should forego an economic advantage when it is at our feet. Outsourcing is but a natural trend in capitalism and free market economies. If it can be had for less, then people will buy the same product for less.

Does this, if done too quickly, create extreme poverty in the working class? Sure, but then tough s***. Welcome to life. It is not fair and you cannot anticipate everything. Make a bad decision 10 years ago that is affecting you now? You made the decision, live with it. Do not expect me to support you just like I would not expect you to support me. Just like in nature and evolution/natural selection, you must adapt or go the way of the dodo.

You cannot stop change, just cope with it. The way it should be done is we do gradually outsource and then instead of providing the outsourced severance pay and welfare checks, we give them an opportunity for further education?

Truthfully, are you telling me that expect for a select few, that should be allowed to keep their jobs and be out phased gradually(such as those close to retirement), everyone else cannot succeed with different jobs given the proper opportunities? How many assembly line workers would not be successful manage a factory in china or learn automotive technician skills and work in the understaffed auto repair industry?

Fighting outsourcing is just creating an inefficient economy that is screwing every one of us as Americans. Why not instead focus all the money on improving the skills of Americans as a whole to be more competitive in the global market instead of fighting it and digging our own graves? Pensions/severence packages/welfare my arse, we are jsut raising a country of giant pu***** that cant compete. What we need is to take al that $$$ wasted and to put it in improviing Americans.[/quote]

I'm not going to disagree with you. What does this mean? Better education. Look at the requirements to be a teacher - 6 years of college (bachelor's + master's degree). Wouldn't it be nice to be able to put into the classroom people who actually majored in mathematics and/or science, and who achieved 3.5's or better GPA's? The majority of those people are not going to go into teaching, when they can earn far greater salaries elsewhere. The result is that the teaching "profession" is filled with a mix of levels of qualifications. This, of course, varies to a degree by location. But, the problems are deep-rooted.
 

b0mbrman

Lifer
Jun 1, 2001
29,470
1
81
Originally posted by: Squisher
Originally posted by: b0mbrman
Originally posted by: Squisher
Originally posted by: Shawn
I don't get why we don't eliminate unions in the US. They are supposed to help the people, but all they are doing is putting tons of american companies out of business because they can't compete. The Chinese can sell things for cheaper than it costs to manufacture in the US.

I guess because we're not supposed to be living in a totalitarian state.


I guess unions designed cars people didn't want to buy and made the poor business decisions that got the domestics in the position they're in.

With executive compensation dwarfing their previous levels and the levels of their foreign counterparts we could expect monies given back by the unions to be returned to the consumer...............NOT.


You'll see big changes in the next round of bargaining in 2008. I see health care, jobs banks being addressed.



And, I'm all for you being paid what a Chinese national gets to do your job. Tell me how that'll work out for you.

A Chinese national doing comparable work and doing it where I'm doing it? Sure thing...

The only issue is that I continually to improve. I focus my efforts on additional training and education, so that Chinese national is going to have to work pretty hard to keep up.

The problem is that a Chinese national will either be doing your job in China or because the industrial machine in this country becomes so decimated the demand for your services will dwindle in this country so as to pay you what a Chinese national gets in China.

I will never doubt the industriousness of the Chinese.

If a Chinese national is better at doing my job and the market determines that the loss in transporting whatever good he provides is less than the difference between value created in him doing the job rather than me, then he deserves it. It wouldn't be the first time I'd switch careers.

Of course, this is all hypothetical as I'll most likely have service jobs all my life :(
 

sandorski

No Lifer
Oct 10, 1999
70,861
6,396
126
Originally posted by: b0mbrman
Originally posted by: Squisher
Originally posted by: b0mbrman
Originally posted by: Squisher
Originally posted by: Shawn
I don't get why we don't eliminate unions in the US. They are supposed to help the people, but all they are doing is putting tons of american companies out of business because they can't compete. The Chinese can sell things for cheaper than it costs to manufacture in the US.

I guess because we're not supposed to be living in a totalitarian state.


I guess unions designed cars people didn't want to buy and made the poor business decisions that got the domestics in the position they're in.

With executive compensation dwarfing their previous levels and the levels of their foreign counterparts we could expect monies given back by the unions to be returned to the consumer...............NOT.


You'll see big changes in the next round of bargaining in 2008. I see health care, jobs banks being addressed.



And, I'm all for you being paid what a Chinese national gets to do your job. Tell me how that'll work out for you.

A Chinese national doing comparable work and doing it where I'm doing it? Sure thing...

The only issue is that I continually to improve. I focus my efforts on additional training and education, so that Chinese national is going to have to work pretty hard to keep up.

The problem is that a Chinese national will either be doing your job in China or because the industrial machine in this country becomes so decimated the demand for your services will dwindle in this country so as to pay you what a Chinese national gets in China.

I will never doubt the industriousness of the Chinese.

If a Chinese national is better at doing my job and the market determines that the loss in transporting whatever good he provides is less than the difference between value created in him doing the job rather than me, then he deserves it. It wouldn't be the first time I'd switch careers.

Of course, this is all hypothetical as I'll most likely have service jobs all my life :(

It's not that he is "better", it's that he'll work for $0.50 an hour.
 

sandorski

No Lifer
Oct 10, 1999
70,861
6,396
126
Originally posted by: dmcowen674
Originally posted by: bctbct
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

30 years ago we got alone fine without cheap asian crap, now everyone thinks there are better saving .10 at walmart.

Hookers once a week is cheaper than a wife, but the quality isnt near as good.

BFT

Before you know it will be The United States of China/Mexico.

The Wall Canada will need to build is gonna be a bitch.
 

intogamer

Lifer
Dec 5, 2004
19,219
1
76
Originally posted by: bctbct
Global economy my ass, short term profits for shareholders. After we lose our factories and the world market rate jacks todays cheap products...we will all be fcuked.

30 years ago we got alone fine without cheap asian crap, now everyone thinks there are better saving .10 at walmart.

Hookers once a week is cheaper than a wife, but the quality isnt near as good.

QFTTTT

Same goes to outsourcing. The moniess used to be circulating in the US.
But now it circulates globaly... India and China are the only ones winning now.