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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (23029)	4/21/2005 10:55:21 AM
From: sea_urchin	Respond to of 81394

Gus >> Low wages make China a very attractive place to build cars, Mr. Grube said. "China today has a big, big, big advantage as far as labor costs are concerned." The United Automobile Workers union in Detroit has been warning for years that low wages in China would pose a threat to American jobs.<< And so ......... freep.com >>General Motors Corp. reported its deepest quarterly loss in more than a decade -- $1.1 billion -- as rising health care costs and lackluster response to some new models hammered its North American business. With health costs not getting any cheaper and Asian automakers grabbing more chunks of the market, the outlook for the world's largest automaker remains bleak. GM shares took another tumble. Meanwhile, Asian automakers such as Toyota Motor Corp., Nissan Motor Co. and Kia Motors Corp. have used enhanced lineups to post impressive sales gains. The growth, analysts say, can be attributed in part to their reputations for quality as well as new products -- such as Toyota's Scion brand that targets younger buyers and the Nissan Titan, that company's first entry in the full-size pickup category.<< Isn't there a saying to the effect that what's good for GM is good for the US?