Automakers: End steel tariffs
Champion
Joined: Dec 2003
Posts: 4,119
Likes: 5
From: Sycamore, Illinois (displaced to Arkansas)
RE: Automakers: End steel tariffs
Interesting article.
I'm not a fan of government intervention in industry, but, than again, I'm not a big fan of outsourced crap coming into our country when we have a massive trade defiect with those countries (we buy more from them than they buy from us).
The auto industry (in particular, the US automakers) are just using this as the "get out of jail free" card. Now their trying to say the steel industry is driving up the cost of your car.
The main things killing the auto indsutry is: they are relying on sales of trucks and SUVs for cash flow (popularity has gone down in the last few years), they have too much spending on things like retiree pay (I'm not saying to cancel the retired peoples pay, thats just wrong), and health care costs are costing and arm and leg.
The US automotive companies needs to spend a lot of time coming up with more fuel efficent, attractive looking vehicles. They also need to do everything in their power to surpass Japenese reliability.
The US steel industry is not at fault because auto exec's are (apparently) not very smart.
I'm not a fan of government intervention in industry, but, than again, I'm not a big fan of outsourced crap coming into our country when we have a massive trade defiect with those countries (we buy more from them than they buy from us).
The auto industry (in particular, the US automakers) are just using this as the "get out of jail free" card. Now their trying to say the steel industry is driving up the cost of your car.
The main things killing the auto indsutry is: they are relying on sales of trucks and SUVs for cash flow (popularity has gone down in the last few years), they have too much spending on things like retiree pay (I'm not saying to cancel the retired peoples pay, thats just wrong), and health care costs are costing and arm and leg.
The US automotive companies needs to spend a lot of time coming up with more fuel efficent, attractive looking vehicles. They also need to do everything in their power to surpass Japenese reliability.
The US steel industry is not at fault because auto exec's are (apparently) not very smart.
