mchastek
03-30-2005, 01:51 PM
NBC News reported that Detroit is losing the auto race to Japan. Twenty years ago, GM, Ford, and Chrysler had 76% of the market, which has been reduced to less than 60% today.
One particular buyer would like to support the US Economy, but cannot overlook the fact that a Japanese car could be more reliable and dependable.
It is interesting to note that the expenses of the US manufacturers are higher than those of comparable Japanese companies. For example, health care alone for the Big Three is reported to cost between $1,000 - $1,500 per vehicle, compared to only $400 for the Japanese.
The article as published on MSNBC: http://www.msnbc.msn.com/id/7329860/
What are your thoughts? How can Detroit get back on track?
One particular buyer would like to support the US Economy, but cannot overlook the fact that a Japanese car could be more reliable and dependable.
It is interesting to note that the expenses of the US manufacturers are higher than those of comparable Japanese companies. For example, health care alone for the Big Three is reported to cost between $1,000 - $1,500 per vehicle, compared to only $400 for the Japanese.
The article as published on MSNBC: http://www.msnbc.msn.com/id/7329860/
What are your thoughts? How can Detroit get back on track?