Home › Forums › Financial Markets/Economics › Time for Jeff Bridges to dump Hyundai
- This topic has 2,580 replies, 38 voices, and was last updated 12 years, 8 months ago by
Coronita.
-
AuthorPosts
-
June 23, 2009 at 8:12 AM #419858June 23, 2009 at 9:05 AM #419164
Rt.66
ParticipantFrom the horses mouth:
Toyota fears U.S. backlash over gains
It cites political, social risks
February 13, 2007
BY JOE GUY COLLIER and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing in North America. “Our competitors are jealous of our success.”
Detroit’s congressional allies of GM, Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group say it’s not jealousy. They say Japanese automakers are exploiting an artificially weak yen to make their products more affordable.
Japanese automakers “are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,” Levin said. Japan has “a clear-cut set of policies, and we don’t have any.”
In the briefing to other Toyota managers, Sudo cited political and social risks. The report, left unsecured on computers at the company’s Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
“A Democratic Congress, particularly those members with districts hit by Big 3 and supplier plant closings, may call for further oversight of the industry and Japanese companies in particular,” the presentation said.
Michigan Dems threaten to act
Toyota’s concerns are not far off the mark. With a new Democratic majority in Congress, Michigan’s Democratic lawmakers have pledged to press harder on trade and other issues where Detroit automakers say Japanese companies have an unfair advantage.
Last week, two Democratic House members from Michigan — Levin and Rep. John Dingell of Dearborn — sent a letter to Treasury Secretary Henry Paulson, urging him to press Japan over the value of the yen during a meeting of world economic powers.
Dingell, Levin and two other congressmen said that a weak yen had helped Japanese automakers increase their exports to the United States by more than 30% in 2006. Detroit automakers and their congressional allies say the yen bestows up to a $4,000-per-vehicle benefit for Japanese automakers.
The Harbour-Felax Group, a Royal Oak automotive consulting firm, estimated the yen benefit at $1,054 per vehicle in a study it released last fall.
“It is a little-understood fact that Toyota’s exports to the United States are almost as great as the number of vehicles produced in the United States by Toyota,” the lawmakers wrote. “We are certain that the weak yen is also boosting Japanese exports in other economic sectors and is having a significant impact on many U.S. producers.”
June 23, 2009 at 9:05 AM #419396ParticipantFrom the horses mouth:
Toyota fears U.S. backlash over gains
It cites political, social risks
February 13, 2007
BY JOE GUY COLLIER and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing in North America. “Our competitors are jealous of our success.”
Detroit’s congressional allies of GM, Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group say it’s not jealousy. They say Japanese automakers are exploiting an artificially weak yen to make their products more affordable.
Japanese automakers “are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,” Levin said. Japan has “a clear-cut set of policies, and we don’t have any.”
In the briefing to other Toyota managers, Sudo cited political and social risks. The report, left unsecured on computers at the company’s Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
“A Democratic Congress, particularly those members with districts hit by Big 3 and supplier plant closings, may call for further oversight of the industry and Japanese companies in particular,” the presentation said.
Michigan Dems threaten to act
Toyota’s concerns are not far off the mark. With a new Democratic majority in Congress, Michigan’s Democratic lawmakers have pledged to press harder on trade and other issues where Detroit automakers say Japanese companies have an unfair advantage.
Last week, two Democratic House members from Michigan — Levin and Rep. John Dingell of Dearborn — sent a letter to Treasury Secretary Henry Paulson, urging him to press Japan over the value of the yen during a meeting of world economic powers.
Dingell, Levin and two other congressmen said that a weak yen had helped Japanese automakers increase their exports to the United States by more than 30% in 2006. Detroit automakers and their congressional allies say the yen bestows up to a $4,000-per-vehicle benefit for Japanese automakers.
The Harbour-Felax Group, a Royal Oak automotive consulting firm, estimated the yen benefit at $1,054 per vehicle in a study it released last fall.
“It is a little-understood fact that Toyota’s exports to the United States are almost as great as the number of vehicles produced in the United States by Toyota,” the lawmakers wrote. “We are certain that the weak yen is also boosting Japanese exports in other economic sectors and is having a significant impact on many U.S. producers.”
June 23, 2009 at 9:05 AM #419664ParticipantFrom the horses mouth:
Toyota fears U.S. backlash over gains
It cites political, social risks
February 13, 2007
BY JOE GUY COLLIER and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing in North America. “Our competitors are jealous of our success.”
Detroit’s congressional allies of GM, Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group say it’s not jealousy. They say Japanese automakers are exploiting an artificially weak yen to make their products more affordable.
Japanese automakers “are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,” Levin said. Japan has “a clear-cut set of policies, and we don’t have any.”
In the briefing to other Toyota managers, Sudo cited political and social risks. The report, left unsecured on computers at the company’s Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
“A Democratic Congress, particularly those members with districts hit by Big 3 and supplier plant closings, may call for further oversight of the industry and Japanese companies in particular,” the presentation said.
Michigan Dems threaten to act
Toyota’s concerns are not far off the mark. With a new Democratic majority in Congress, Michigan’s Democratic lawmakers have pledged to press harder on trade and other issues where Detroit automakers say Japanese companies have an unfair advantage.
Last week, two Democratic House members from Michigan — Levin and Rep. John Dingell of Dearborn — sent a letter to Treasury Secretary Henry Paulson, urging him to press Japan over the value of the yen during a meeting of world economic powers.
Dingell, Levin and two other congressmen said that a weak yen had helped Japanese automakers increase their exports to the United States by more than 30% in 2006. Detroit automakers and their congressional allies say the yen bestows up to a $4,000-per-vehicle benefit for Japanese automakers.
The Harbour-Felax Group, a Royal Oak automotive consulting firm, estimated the yen benefit at $1,054 per vehicle in a study it released last fall.
“It is a little-understood fact that Toyota’s exports to the United States are almost as great as the number of vehicles produced in the United States by Toyota,” the lawmakers wrote. “We are certain that the weak yen is also boosting Japanese exports in other economic sectors and is having a significant impact on many U.S. producers.”
June 23, 2009 at 9:05 AM #419732ParticipantFrom the horses mouth:
Toyota fears U.S. backlash over gains
It cites political, social risks
February 13, 2007
BY JOE GUY COLLIER and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing in North America. “Our competitors are jealous of our success.”
Detroit’s congressional allies of GM, Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group say it’s not jealousy. They say Japanese automakers are exploiting an artificially weak yen to make their products more affordable.
Japanese automakers “are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,” Levin said. Japan has “a clear-cut set of policies, and we don’t have any.”
In the briefing to other Toyota managers, Sudo cited political and social risks. The report, left unsecured on computers at the company’s Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
“A Democratic Congress, particularly those members with districts hit by Big 3 and supplier plant closings, may call for further oversight of the industry and Japanese companies in particular,” the presentation said.
Michigan Dems threaten to act
Toyota’s concerns are not far off the mark. With a new Democratic majority in Congress, Michigan’s Democratic lawmakers have pledged to press harder on trade and other issues where Detroit automakers say Japanese companies have an unfair advantage.
Last week, two Democratic House members from Michigan — Levin and Rep. John Dingell of Dearborn — sent a letter to Treasury Secretary Henry Paulson, urging him to press Japan over the value of the yen during a meeting of world economic powers.
Dingell, Levin and two other congressmen said that a weak yen had helped Japanese automakers increase their exports to the United States by more than 30% in 2006. Detroit automakers and their congressional allies say the yen bestows up to a $4,000-per-vehicle benefit for Japanese automakers.
The Harbour-Felax Group, a Royal Oak automotive consulting firm, estimated the yen benefit at $1,054 per vehicle in a study it released last fall.
“It is a little-understood fact that Toyota’s exports to the United States are almost as great as the number of vehicles produced in the United States by Toyota,” the lawmakers wrote. “We are certain that the weak yen is also boosting Japanese exports in other economic sectors and is having a significant impact on many U.S. producers.”
June 23, 2009 at 9:05 AM #419893ParticipantFrom the horses mouth:
Toyota fears U.S. backlash over gains
It cites political, social risks
February 13, 2007
BY JOE GUY COLLIER and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing in North America. “Our competitors are jealous of our success.”
Detroit’s congressional allies of GM, Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group say it’s not jealousy. They say Japanese automakers are exploiting an artificially weak yen to make their products more affordable.
Japanese automakers “are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,” Levin said. Japan has “a clear-cut set of policies, and we don’t have any.”
In the briefing to other Toyota managers, Sudo cited political and social risks. The report, left unsecured on computers at the company’s Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
“A Democratic Congress, particularly those members with districts hit by Big 3 and supplier plant closings, may call for further oversight of the industry and Japanese companies in particular,” the presentation said.
Michigan Dems threaten to act
Toyota’s concerns are not far off the mark. With a new Democratic majority in Congress, Michigan’s Democratic lawmakers have pledged to press harder on trade and other issues where Detroit automakers say Japanese companies have an unfair advantage.
Last week, two Democratic House members from Michigan — Levin and Rep. John Dingell of Dearborn — sent a letter to Treasury Secretary Henry Paulson, urging him to press Japan over the value of the yen during a meeting of world economic powers.
Dingell, Levin and two other congressmen said that a weak yen had helped Japanese automakers increase their exports to the United States by more than 30% in 2006. Detroit automakers and their congressional allies say the yen bestows up to a $4,000-per-vehicle benefit for Japanese automakers.
The Harbour-Felax Group, a Royal Oak automotive consulting firm, estimated the yen benefit at $1,054 per vehicle in a study it released last fall.
“It is a little-understood fact that Toyota’s exports to the United States are almost as great as the number of vehicles produced in the United States by Toyota,” the lawmakers wrote. “We are certain that the weak yen is also boosting Japanese exports in other economic sectors and is having a significant impact on many U.S. producers.”
June 23, 2009 at 9:33 AM #419174ParticipantTake a look at this dependability list. I like it because the cars have to be three years old. So there has been some time for the honeymoon period to wear off and weaknesses to show up.
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars.html
Click on the hyper-link to see the slide show:
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars_slide_2.html?thisspeed=25000There is no reason why any American should believe they have no choices but to buy foreign. The biggest sacrifice you make is buying a car that ranked 2nd or 3rd in the most dependable ratings (beating out BMWs, Mercedes, Hyundai’s, Kias, Honda’s etc.).
Even when an AMERICAN car did not rank 1st, most categories show a US car in runner-up positions. You should take note of the fact that we almost always beat out BMW, Mercedes, and Hyundai’s never show on the list, I don’t recall seeing a Honda on the winning or runner up list either.
If you think you need to buy a Honda or Toyota because they look good then you must buy your clothes at Wal-mart. There is an exciting and sexy US car for every taste and even some that run on the “librarian” side of exciting but still have elegance and grace (the Chevy Impala comes to mind).
Japanese cars are to vehicle styling, what work clothes are to the fashion world. Non-threatening, conservative, but lacking originality.
June 23, 2009 at 9:33 AM #419406ParticipantTake a look at this dependability list. I like it because the cars have to be three years old. So there has been some time for the honeymoon period to wear off and weaknesses to show up.
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars.html
Click on the hyper-link to see the slide show:
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars_slide_2.html?thisspeed=25000There is no reason why any American should believe they have no choices but to buy foreign. The biggest sacrifice you make is buying a car that ranked 2nd or 3rd in the most dependable ratings (beating out BMWs, Mercedes, Hyundai’s, Kias, Honda’s etc.).
Even when an AMERICAN car did not rank 1st, most categories show a US car in runner-up positions. You should take note of the fact that we almost always beat out BMW, Mercedes, and Hyundai’s never show on the list, I don’t recall seeing a Honda on the winning or runner up list either.
If you think you need to buy a Honda or Toyota because they look good then you must buy your clothes at Wal-mart. There is an exciting and sexy US car for every taste and even some that run on the “librarian” side of exciting but still have elegance and grace (the Chevy Impala comes to mind).
Japanese cars are to vehicle styling, what work clothes are to the fashion world. Non-threatening, conservative, but lacking originality.
June 23, 2009 at 9:33 AM #419674ParticipantTake a look at this dependability list. I like it because the cars have to be three years old. So there has been some time for the honeymoon period to wear off and weaknesses to show up.
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars.html
Click on the hyper-link to see the slide show:
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars_slide_2.html?thisspeed=25000There is no reason why any American should believe they have no choices but to buy foreign. The biggest sacrifice you make is buying a car that ranked 2nd or 3rd in the most dependable ratings (beating out BMWs, Mercedes, Hyundai’s, Kias, Honda’s etc.).
Even when an AMERICAN car did not rank 1st, most categories show a US car in runner-up positions. You should take note of the fact that we almost always beat out BMW, Mercedes, and Hyundai’s never show on the list, I don’t recall seeing a Honda on the winning or runner up list either.
If you think you need to buy a Honda or Toyota because they look good then you must buy your clothes at Wal-mart. There is an exciting and sexy US car for every taste and even some that run on the “librarian” side of exciting but still have elegance and grace (the Chevy Impala comes to mind).
Japanese cars are to vehicle styling, what work clothes are to the fashion world. Non-threatening, conservative, but lacking originality.
June 23, 2009 at 9:33 AM #419742ParticipantTake a look at this dependability list. I like it because the cars have to be three years old. So there has been some time for the honeymoon period to wear off and weaknesses to show up.
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars.html
Click on the hyper-link to see the slide show:
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars_slide_2.html?thisspeed=25000There is no reason why any American should believe they have no choices but to buy foreign. The biggest sacrifice you make is buying a car that ranked 2nd or 3rd in the most dependable ratings (beating out BMWs, Mercedes, Hyundai’s, Kias, Honda’s etc.).
Even when an AMERICAN car did not rank 1st, most categories show a US car in runner-up positions. You should take note of the fact that we almost always beat out BMW, Mercedes, and Hyundai’s never show on the list, I don’t recall seeing a Honda on the winning or runner up list either.
If you think you need to buy a Honda or Toyota because they look good then you must buy your clothes at Wal-mart. There is an exciting and sexy US car for every taste and even some that run on the “librarian” side of exciting but still have elegance and grace (the Chevy Impala comes to mind).
Japanese cars are to vehicle styling, what work clothes are to the fashion world. Non-threatening, conservative, but lacking originality.
June 23, 2009 at 9:33 AM #419903ParticipantTake a look at this dependability list. I like it because the cars have to be three years old. So there has been some time for the honeymoon period to wear off and weaknesses to show up.
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars.html
Click on the hyper-link to see the slide show:
http://www.forbes.com/2009/03/18/most-dependable-cars-lifestyle-vehicles-dependable-cars_slide_2.html?thisspeed=25000There is no reason why any American should believe they have no choices but to buy foreign. The biggest sacrifice you make is buying a car that ranked 2nd or 3rd in the most dependable ratings (beating out BMWs, Mercedes, Hyundai’s, Kias, Honda’s etc.).
Even when an AMERICAN car did not rank 1st, most categories show a US car in runner-up positions. You should take note of the fact that we almost always beat out BMW, Mercedes, and Hyundai’s never show on the list, I don’t recall seeing a Honda on the winning or runner up list either.
If you think you need to buy a Honda or Toyota because they look good then you must buy your clothes at Wal-mart. There is an exciting and sexy US car for every taste and even some that run on the “librarian” side of exciting but still have elegance and grace (the Chevy Impala comes to mind).
Japanese cars are to vehicle styling, what work clothes are to the fashion world. Non-threatening, conservative, but lacking originality.
June 23, 2009 at 10:10 AM #419179Participant2009 Honda Accord Coupe starting at $21705.
6 cyl, 3.5 L, Manual 6-spd, Regular
MPG City- 17 Highway- 252009 Dodge Challenger starting at $22945
8 cyl, 5.7 L, Manual 6-spd, Regular
MPG City- 16 Highway- 252009 Dodge Challenger = car you can drive for decades and all the time have a car 99% of the population knows is cool.
2009 Dodge Challenger = car you can drive for years then park in your gagarge and pull it back out in 25 years and attend car shows and have people drool over it.
http://www.dodge.com/en/2009/challenger/ 25 mpg starting at $22945.
WOW, I could’a had a V8!!!
June 23, 2009 at 10:10 AM #419411Participant2009 Honda Accord Coupe starting at $21705.
6 cyl, 3.5 L, Manual 6-spd, Regular
MPG City- 17 Highway- 252009 Dodge Challenger starting at $22945
8 cyl, 5.7 L, Manual 6-spd, Regular
MPG City- 16 Highway- 252009 Dodge Challenger = car you can drive for decades and all the time have a car 99% of the population knows is cool.
2009 Dodge Challenger = car you can drive for years then park in your gagarge and pull it back out in 25 years and attend car shows and have people drool over it.
http://www.dodge.com/en/2009/challenger/ 25 mpg starting at $22945.
WOW, I could’a had a V8!!!
June 23, 2009 at 10:10 AM #419679Participant2009 Honda Accord Coupe starting at $21705.
6 cyl, 3.5 L, Manual 6-spd, Regular
MPG City- 17 Highway- 252009 Dodge Challenger starting at $22945
8 cyl, 5.7 L, Manual 6-spd, Regular
MPG City- 16 Highway- 252009 Dodge Challenger = car you can drive for decades and all the time have a car 99% of the population knows is cool.
2009 Dodge Challenger = car you can drive for years then park in your gagarge and pull it back out in 25 years and attend car shows and have people drool over it.
http://www.dodge.com/en/2009/challenger/ 25 mpg starting at $22945.
WOW, I could’a had a V8!!!
June 23, 2009 at 10:10 AM #419747Participant2009 Honda Accord Coupe starting at $21705.
6 cyl, 3.5 L, Manual 6-spd, Regular
MPG City- 17 Highway- 252009 Dodge Challenger starting at $22945
8 cyl, 5.7 L, Manual 6-spd, Regular
MPG City- 16 Highway- 252009 Dodge Challenger = car you can drive for decades and all the time have a car 99% of the population knows is cool.
2009 Dodge Challenger = car you can drive for years then park in your gagarge and pull it back out in 25 years and attend car shows and have people drool over it.
http://www.dodge.com/en/2009/challenger/ 25 mpg starting at $22945.
WOW, I could’a had a V8!!!
-
AuthorPosts
- You must be logged in to reply to this topic.