Saturday, December 06, 2008
-Seven Myths About the US Car Industry
Robert Crais reading.
(Hat tip to Ali Karim)
(from an article in the Detroit Free Press by Mark Phelan)
1. Nobody buys their vehicles-They sold 8.5 million cars in the US last year and many more abroad.
2. They build unreliable junk-Consumer Reports recently rated Ford's reliability on a par with good Japanese cars. Lots of other favorable data exists at J.D. Power. Both the Chevrolet Malibu and Ford Fusion scored better than the Accord or Camy.
3. They build gas guzzlers--If you leave out the Prius, gas usage is pretty similar. The Malibu gets 33 mpg, better than the Hondo Accord.
4. They already got a $25 billion bailout.--None of that money has been lent out and may not for over a year. It can only be used to invst in future vehicles and technology so doesn't solve any of the current problems.
5. The Big Three are idiots for investing in pickups and SUVs. So were the Japanese carmakers.
The most fuel-efficient full size pickups from the Big Three all have better fuel economy than Toyota and Nissan.
6. They don't build hybrids--Ford and GM now offer more hybrids than Honda or Nissan with several more to hit the market in 2009.
7. Their union workers and lazy and overpaid--Chrysler tied Toyota as most productive, a measure of the amount of work done per employee. Hourly pay tops our around $28 an hour, benefits add $14. New workers get $14. UAW wages are now comparable to Toyota.
DO WE REALLY WANT TO TURN ONE MORE MANUFACTURING INDUSTRY OVER TO EUROPE AND ASIA. WE PULLED OUT OF THE 1930s DEPRESSION PARTIALLY BECAUSE WE HAD A MANUFACTURING BASE.
Go ahead and buy that American car. You know you want to. And say yes to aid for the US Car Industry. They make jobs.