The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (29991)	4/23/2005 6:24:08 PM
From: Les H	Read Replies (1) of 306849

Chrysler to use China as its mfg base bloomberg.com ``It's not so much a trend as the reality,'' said General Motors' Vice Chairman Bob Lutz, at a ceremony on Tuesday to unveil its Aveo. ``Anybody who wants entry into this low end of the market finds it can no longer be done in the U.S., it has to be done in a low-cost country.'' China's average labor cost is 1.5 euro per hour, according to Grube. That compares with the hourly average of 38 euros in Germany, 31 euros in Japan and 28 euros in the U.S., he said.

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