Should GM, Ford and Chrysler pull their investment back from Asia to bail

  • Thread starter Thread starter jake.jakobson
  • Start date Start date
J

jake.jakobson

Guest
themselves out ? They're all building cars in asia to sell here, that's why they're broke, all their profits are going into the new plants in asia...then they want taxpayers to bail them out...no way !!!
my assertion is factual, look it up in the Automotive News.com
BANGKOK (AFX) - Ford Motor Co said it will invest a further 1.0 bln usd in Asia to boost growth in the region, but made no comment about the reported job cuts and plant closures in North America.

'Ford has invested over two billion US dollars in the region. We intend to invest another one billion dollars in products, factories and growth in the Asia Pacific region over the next several years,' Ford president and chief operating officer Jim Padilla told a news conference here.

www.forbes.com/afxnewslimited/feeds/afx/2005/12/14/afx2390714.html
JAKARTA, Jan 24 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) expects to invest $3-4 billion in the Asia-Pacific region in the next three-four years, David Nick Reilly, GM vice president and president of GM Asia-Pacific, told reporters on Thursday. (Reporting By Muhamad Al Azhari, editing by Sugita Katyal)
 
i think that the only way they should be bailed out is if they bring back all the jobs that they have sent overseas and keep them here
 
How does pulling back save them money?
They won't be able to sell the plants, no one would buy them. There's no way to recoup that spent capital.
And then producing here would cost more, so their cost goes up making them even less competitive.

edit
Jan 24? how old is your info. It's certainly possible plans have already changed since the October financial melt down.
 
Back
Top