This is an excellent blog post from Mark Perry’s Carpe Diem blog on how Honda is actually expanding in this country:
5 thoughts on “Why the Big Three Shouldn’t Be Bailed Out”
Leave a Reply
You must be logged in to post a comment.
This is an excellent blog post from Mark Perry’s Carpe Diem blog on how Honda is actually expanding in this country:
You must be logged in to post a comment.
Honda’s labor costs are a fraction of Detroit’s, because Honda operates non-union plants.
Aaron, do you know if your investors read this blog?
some do.
Then I’ll hold off from making a particular comment here.
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!