Lou Dobbs Tonight: Rep. Issa Carries Water For Mitt Romney
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it is funny as dude said that they have become a financing company not a auto industry.
If they want us to pay for them moving jobs over seas then fuck them!
GodKillerAtheist 3 years ago
Also, american power vehicle sales have been dropping for years.
And it isnt just about what kind of vehicles they are sell, thats just a large part.
The big 3 just were running a bad business. They werent selling vehicles at the price needed to stay in business. Toyota sells vehicles at prices needed to survive. The vehicles sell well enough.
The big 3 threw away money on themselves even during bad years, well, all were bad. Look at their bonuses. Their luxuries. Probably bad investments too.
waltermh111 3 years ago
That isnt true. American demand for better cars was happening for years.
The prius, first in the US in 2001 always had a waiting lists, proving people wanted it despite the price.
It has sold 200k a year for years while stil having a waiting list of months in some places, at least a month in most.
People didnt even have options. What else could they buy when all that was available was mostly the power stuff, and ads on tv were saying you werentt safe or cool without it.
waltermh111 3 years ago
Your points are fair, and I realize the US market is the main cause of loss. I was simply pointing out that these corporations are far from infallible.
American market demand changed almost overnight, and all of these companies were caught off guard.
johnedwards1968 3 years ago
Toyota & Nissan dont rely on the US market for their profits, they sell plenty. The Japanese & now Europeans have discovered the flexibility of generic production lines that can build any car in their fleet depending on demand. So the lines making SUV's can produce compacts instantly as the market changes.
Also the big 3 have poorly trained staff who perform single repetitive tasks ie door fitting unlike Honda staff who learn all aspects of car manufacure.
xdir 3 years ago
why was Issa obstructing the Blackwater hearings.
modernmariorc 3 years ago
The market deserves some of the blame for the behemoth SUV's and Trucks too. In all honesty, those vehicles were selling. Look at Toyota and Nissan. They started building huge trucks too. (of course they're also losing money on them now)
johnedwards1968 3 years ago
Good video tho, but the title of it is wrong.
maximus0032 3 years ago
Shouldn't it be "they loss" instead of " they lost" in Romney's statement....
Anisha618 3 years ago
Theres too many jobs at stake, if 3 million more become jobless it will cost the taxpayer more.
I agree with all your points, no one mentions that while Euro/Japanese car makers were increasing the fuel economy and building safer cars, GM & Ford were building gas guzzling behemoths like the Hummer & F150. Foreign car makers build profitable vehicles for a heavily regulated European market while US car makers look to exploit loopholes.
xdir 3 years ago