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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Palau who wrote (60719)	7/5/2007 8:26:26 PM
From: Tadsamillionaire	Respond to of 90947

Just watch the Jobs leave our fair country by 2010. If we thought the 70's and 80's were tough times just wait. We may be on the verge of life in the last lane unless we stop the flow of jobs leaving the U.S. THE CHANGING FACE OF AUTO MANUFACTURING $73 Average amount unionized assembly line workers make per hour in the United States, including benefits (U.S. dollars). 83¢ Amount in U.S. dollars that Chinese auto maker Chery says it pays assembly line workers per hour, a total of $132 a month. General Motors Corp. plans to invest $3 billion in China in 2004-07 in hopes it will drive a revival for the company, which is cutting production and closing factories in its home North American market. The automaker set up its first Chinese venture with a $750 million factory in Shanghai in 1998 and now has five joint venture assembly plants that make nearly all GM vehicles sold in the country. It also has an engine plant, an auto financing venture and is quickly expanding dealerships. Ford is in the midst of a $1 billion expansion in China and is building new assembly and engine plants in the eastern city of Nanjing, west of Shanghai. Its two existing plants produce Mondeo and Fiesta cars and Transit commercial vans. "The China market is a critical part in our plans in building a stronger Ford Motor Co.," the chairman and CEO of Ford China, Mei-Wei Cheng, said in a statement. "The outstanding 2006 results clearly indicated that we are on the right track to achieve that goal." Also Monday, BMW AG's Rolls Royce said China became its third-largest market in 2006 after the United States and Britain, with sales up 60 percent. The statement did not give sales figures. Rolls Royce is adding 200 people to the 500-strong work force at its factory in Goodwood, England, to meet demand from China for its $380,000 luxury Phantom cars. Two Chinese automakers, Geely Automotive Holdings and Chery Automotive Co., are trying to develop into international competitors by expanding their range from economy cars and minivans to luxury sedans. Japan's Toyota Motor Corp., on track to surpass GM as the world's No. 1 automaker in the next couple years, is well behind General Motors in China. In 2005, it had just 3.5 percent of the market. But it has set a target of 1 million sales a year by 2010. GM says sales in China and other foreign markets surpassed U.S. sales for the first time last year, reaching 55 percent of the worldwide total of 9.2 million. GM Chairman Rick Wagoner said in November the company would expand further in China and "invest ahead of demand," confident that robust sales growth will continue. washingtonpost.com