China Overtakes U.S. Car Market
Published by Bob Foster
The Associated Press recently published a report saying that the Chinese now buy more cars and trucks than Americans. It appears that over 12.7 million new cars will be sold in China compared to about 10.3 million projected to be sold in America. This is the first time ever that any country has surpassed the U.S. in new car sales.
This could have been good news for the U.S. because China loves GM’s Buick…they consider it a luxury car. But alas, China requires that Buick build it’s cars in China—not the United States. Interesting concept.
Well, that at least should help GM’s bottom line even if it doesn’t make any new jobs in the U.S.
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“Well, that at least should help GM’s bottom line even if it doesn’t make any new jobs in the U.S.”
Yippie, right? Globalization sucks! Massive debt destroys!
Judith Ellis´s last blog ..Being Bo Obama
Judith – Yes, massive debt destroys, and with our “spend-til-you-drop” Congress the national debt gets more massive every day. Will it someday destroy us, and those who follow? Maybe.
I also agree that globalization sucks. It has destroyed the industrial might of the U.S. and now we beg foreign nations to loan us money. Will that ever reverse itself? Certainly not in the near future, but the pendulum does swing and maybe someday……
There are no “yippies” for GM—they’re fresh out. But, we have to view the situation as it is today, and I suspect that without manufacturing in foreign countries for foreign buyers, there will not be a GM, and we will lose the few American jobs they still provide.
Bob Foster´s last blog ..China Overtakes U.S. Car Market
Oh, sorry you couldn’t actually hear my tone, Bob. It was meant ever so sarcastically…really.
Judith Ellis´s last blog ..Being Bo Obama
Judith – I got the sarcasm ok, and tried to reciprocate, but sometimes my sarcasm and anger over what is happening in our country get comingled and it doesn’t come our quite right. That’s the problem with short bursts of communication…it’s kind of like not being able to smell the great aromas on TV cooking shows–the nuances are always missing.
“That’s the problem with short bursts of communication…it’s kind of like not being able to smell the great aromas on TV cooking shows–the nuances are always missing.”
Great retort, Bob!
Judith Ellis´s last blog ..Being Bo Obama