Thread regarding General Motors layoffs

If a company builds their cars in China and Mexico but their CEO works out of an office in Detroit, are they an American company?

They only American company on the list is Tesla.

Or buy cars at the bottom of the list to protest the way American car companies are run.

You want to force change?

ONLY buy cars on each annual published most american car index. If you're buying cars not on this list, you aren't allowed to complain about American auto jobs being outsourced.

https://www.cars.com/american-made-index/

Selling out Americans for cash and prizes.

G.M. Sells Parts Maker to a Chinese Company
https://www.nytimes.com/2010/11/30/business/30gm.html

Nexteer is 1/3 owned by shareholders, 2/3 owned by the CCP (under Pacific Century Motors).
Rest assured, they claim to be American.
LOL!!!

https://www.nexteer.com/about/

Nexteer, formerly Delphi, formerly GM's is owned by?

When you outsource to China because they're cheap, you transfer your technology and teach them how to make modern cars that are marketable in America.

You create your own competitor in the long term due to short term thinking.

So don't complain when China sells cars in the US a few years from now that cost 30% less than GM's.

Favoring hiring NCHs and H1Bs in the US, and outsourcing production of parts and assembly to Mexico and China are all about lowering costs no matter the effect on employees or the US, or creating vulnerable supply chains.

It's just about the dollars.

That's been going on for years and has been increasing as fast as the company can make it happen.

Maybe it's time to unionize the engineers and office workers to try to turn that around.

If you plan to sell your $60k or $80k vehicle to rich people, affordability isn't a problem and there's no need for them to take out loans.

It's only a problem if you want to sell your $60k truck to someone making $40k/year and they need a loan.

In the last couple of years, car companies have abandoned those people.

“Lower costs, raise prices. That's how it's done.”

That might have been how it WAS done.
Now we have banks that are pickier with who they will lend to and interest rates that exceed 7%. You have monthly payments exceeding $1000/month. You have people owing thousands on their trade ins because they are upside down. And finally, you have Tesla consistently lowering prices.
Things are going to be very, very difficult moving forward. The old way of doing things will lead to failure.

Lower costs, raise prices.

That's how it's done.

If you believe in capitalism you should be proud that she's lowering production costs while continuing to sell the product in America at premium prices.

You never leave money on the table.

This will be a bigger topic when mass layoffs and regional bank collapses start this fall.
I'm sure you, the reader can still manage to stay relevant and employed so you can continue to make payments on your rented lifestyle.

https://www.youtube.com/watch?v=tDyVD16VjGI