Why the Big Three Shouldn’t Be Bailed Out
November 19th, 2008This is an excellent blog post from Mark Perry’s Carpe Diem blog on how Honda is actually expanding in this country:
This is an excellent blog post from Mark Perry’s Carpe Diem blog on how Honda is actually expanding in this country:
November 20th, 2008 at 4:39 pm
Honda’s labor costs are a fraction of Detroit’s, because Honda operates non-union plants.
November 21st, 2008 at 1:21 am
Aaron, do you know if your investors read this blog?
November 21st, 2008 at 2:23 am
some do.
November 21st, 2008 at 11:15 am
Then I’ll hold off from making a particular comment here.
November 26th, 2008 at 12:44 pm
According to the following article (quite interesting):
http://money.cnn.com/galleries/2008/autos/0811/gallery.autos_crisis_causes/index.html
Honda’s labor costs are about the same as Detroit’s for current labor. The problem is that the US automakers have been around for a lot longer and therefore have a HUGE overhang of retirees sucking out healthcare and retirement benefits!