http://www.sanluisobispo.com/mld/sanluisobispo/business/11560893.htm Self made AMERICAN born and bread billionaire Kirk Kerkorian is making an offer to buy an [additional] 5% stake in GM, raising his total share in the company to nearly 10% Mr. Kerkorian, who is the "father of the Las Vegas megga-resort-casino, feels this is a good investment..... Hmmmm, what does he see that we all dont???
I seen a show not long ago with some annalist saying that with in the next 20 years the big 3 would be GM Toyota Nissan [ Not sure on the Nissan but sure onthe first two. It struck me as true.] GM is the US big dog and Toyota does make good cars that last forever. GM and Toyota have been in cahoots before with like the Nova project. Cool name slapped on a Toyota.
I really hope the federal government gives him a break this time. We all know what that government did the last time to him.
Just saw a news article on TV last night about GM. Their marketshare in the U.S. has gone down from about 40% in 1975 to just over 23% today. They predicted that Toyota will surpass GM as the #1 U.S. car manufacturer in about 3-5 years.
He sees a desperate management team and Board of Directors that will ultimately pay him to go away....that's what he sees. He did it before.
What is bad is the fact that Toyota is foreign and it doesn't matter if they build(assemble)them here,they are still foreign made. Like I said before, people don't give it much thought about not buying a GM product,but when the day comes when Toyota becomes the largest automaker,you better watch out for your jobs. Ever hear the saying "When in Rome,do what the Romans do"? The same thing should apply here. When you live in the United States,you buy American. That is the only way I am.
I am with you 100% on that if you live in USA you buy American made cars. I drove a 68 mopar and my friends say I should sell it and buy a honda.
Americans used to do that-----GM, etc was well aware of that and started selling us junk. So--all Americans should bend over again and ask for it? For the sake of American jobs? I'll support American jobs that build COMPETITIVE quality products--if they can't do that then they should find something else to do. Of course I shouldn't be talking that way as I've never bought a new car and currently have all American cars! :laugh:
I certainly believe in buying American products, but just how many of them are actually made in the U.S.? What I mean is that most parts that make up a vehicle or consumer good are built outside of the U.S. That being true, then we should say assembled in the U.S.? If you agree with that statement, then how do you feel about foreign companies setting up assembly plants in the U.S. and employing American workers. Yes, it's a foreign company, but it's putting Americans to work. You could say the the earning go back to the respective homelands, but the benefit for the U.S. is jobs, which in turn allows us to spend money on goods and services. I would go so far as to say if you don't believe that, then Americans shouldn't work for foreign companies. Take a look at all of the companies in the U.S., and you would be surprised just how many are actually foreign owned, besides the obvious (i.e. Honda, Toyota, etc.). I happen to work for a large U.S. based financial company, and many foreign companies do business which keeps us going strong. In today's economy, you can not simply turn your back to foreign companies, as the are sustaining a majority of our economy. I'm proud to be american-born, I'm certainly not anti-American, but I support provocative dialogue. Erik
You know what cracks me up? Buying an old American car and saying that makes you American. The economy does not care if you drive a 1970 Skylark, that money is gone. Now, bear with me here...I work for Toyota. Not, Toyota Motor Manufacturing, but an independent dealer, who is as American as they come. I can tell you I tried to work for a domestic dealer back in 91 fresh out of tech school, but guess what? They had no job for me. Should I have waited around for one to open up??? I needed money. So the rest is history. Buy American???? PLEASE. No offense meant, but you couldn't purchase things that were 100% American these days if life depended on it. Back in 93 I was looking on my good 'ol American 5.0 rustang. In big writing the front struts said "Made in Mexico", and the car had 200 miles on it. What is more American than a Ford Mustang? This computer? 100% foreign. My tools? 100% American. If foreign companies like Toyota want to build HUGE corporations and employ 1,000's of Americans, that's fine with me. We need a few more like them. The 70's and 80's "built by Americans" cars invited them in. Wierd hey?
Toyota makes good cars that run forever but still like some American cars. By time the motor died, the body was short from rust. But if Toyota can Build powerful V8s that do 200,000 easy like their 4's. They will take over. GM was sort of dumb. They should of kept the risk of a goverment break up and kept more market share. Intel has more market share then GM did. And it doesn't matter that AMD makes faster better chips. Intel has market share, the have the name brand and since they cost more then AMD. The American market eats Intel up. Like most people buy GAP jeans instead of Kmart. Cars work the same but GM isn't yuppi enough to bank off it.
