Honda cutting production in U.S., Japan

Honda cutting production in U.S., Japan

&dist=msr_1]www.marketwatch .com

HONG KONG (MarketWatch) -- U.S.-traded shares of Honda Motor Co. rose over 6% Tuesday, following an earlier announcement it plans to cut vehicle output in Japan and North America in the remaining months of the current fiscal year.

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4:01pm 01/27/2009
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HMC 23.54, +1.43, +6.5%) said Tuesday it plans to make 1.15 million vehicles in Japan in the fiscal year ending March 31, revising down its forecast made just a week earlier for output of 1.17 million vehicles.
Honda also said it plans to cut its planned North American production to 1.26 million vehicles, a further reduction of 29,000 vehicles from those announced so far, and down about 12% from a year earlier.
Honda stock ended U.S. trade up 6.47% at $23.54.

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[edit on 1/28/2009 by Hal9000]

Honda moving US jobs to China...The start of things to come??

While I'll admit that this article is a bit misleading, it does get one thinking.
Is this the beginning of things to come for the US??

Are companies, that for so many years have been entrenched in America, seeing a better option elsewhere??

No labor laws to speak of over there. Billions of new consumers for the companies products. The inevitable tax breaks and shelters for companies that build factories there.

I guess that my point is that more and more companies see the US as a sinking ship and that its time to go elsewhere.

I fear that this may just be that start of things to come.

&dist=msr_1]www.marketwatch .com
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Mod edit: Changed to exact title of article.

[edit on 1/28/2009 by Hal9000]

cool ,more jobs in china/india and bankrupty of USA,the best thing to ever happen


I hope that USA disintegrates into several nations like yugoslavia

reply to post by sadchild01


Wow. That was harsh. Americans have to pay bills and feed their kids too you know.

What I'd like to see happen is Chinese workers start demanding their rights to a decent wage (which will eventually happen) and see these corporate cowards stuck between a rock and hard place with nowhere else to go.

They won't be able to exploit these countries forever.
Sooner or later they are going to run of countries and they will be forced to recognise that a fair days pay for a fair days work.

reply to post by Flighty


hopefully ,we will overthrow NWO and then nationalize industry.
problem solved .

anyways ,USA is resp for NWO ,so USA is evil

reply to post by sadchild01


Indeed. Most excellent.

I have no desire for the US to break up though. Making them third world should be enough. They need to go back to the 50s era, when, you know, they were nicer and children can be physically disciplined without the parents going to jail.

Originally posted by Flighty
They won't be able to exploit these countries forever.
Sooner or later they are going to run of countries and they will be forced to recognise that a fair days pay for a fair days work.

After China and India, there's still Southeast Asia. Then Africa. Then USA because Americans will eventually settle for third world wages just to survive. It's a cycle thing.

Is this only happening now in the US? In the UK and Europe it's been happening for over two decades. All the UK's major car manufacturers have been sold off abroad - Rolls Royce, Jaguar, Rover (Mini), TVR etc. Most call centres are based in India. All major brands of food, clothing, electrical goods and heavy industry have all gone to overseas ownership.

It's far cheaper to produce in Asia and pay their workforce pittance than put up with minimum wage and red-tape legislation which is blighting the West's industry.
Really, we have nothing left to call our own.

If you are only just beginning to witness this then be thankful it's taken this long. A lot of jobs are going to go - a lot.

Having those overseas car companies come here to the US was the mistake in the first place anyway..let them go elsewhere. That will give incentive to the US auto makers to revitalize their plants and jobs and start making 100 percent made in America vehicles again.

We dont need Honda or Mitsubishi or Nissan or any of those other foriegn car makers. We need OUR auto makers to make American made cars.


Cheers!!!!

reply to post by wolf241e


Argghhh! I just noticed! How the hell is this Alternative News? I swear everyone posts stuff here that should be Current Events or in Global Meltdown. Stop abusing this subforum!

reply to post by RFBurns


Do you really think that would work? Unless you become isolationist you won't be able to compete.

Originally posted by eldard
reply to post by RFBurns

 

Do you really think that would work? Unless you become isolationist you won't be able to compete.

It was working just fine from the hey day of the model T, the 40's, the 50's the 60's, the 70's and 80's, then they severely tilted the trade ratio to the overseas benefit and it all began to sink.

If you were around in any of those great years of American Automobile Engineering Excellence, you would understand.

You see this....



This puppy is 100 percent American Engineering Excellence, a 1970's model Ford Mustang.

Brand new, this could be had in the great days of American econmoic might, for just under 4 grand, complete with all the bells and whistles, including the 426 Cobra Jet engine.

How much does the newer Mustang cost?..which is BTW about 80 percent foriegn parts and about 20 percent American made parts.



Cheers!!!!

[edit on 28-1-2009 by RFBurns]

Originally posted by eldard
After China and India, there's still Southeast Asia. Then Africa. Then USA because Americans will eventually settle for third world wages just to survive. It's a cycle thing.

And now the question is, who's gonna buy those cars with everyone on 3rd world wages??

I'm a 3rd world professional IT analyst and can't even buy my own B-new car. I believe this can't go on forever and everyone will go down the drain.

Stupid corporate jocks, they never learn! They made this mess, and everything they did is only to drive themselves deeper into the mess. Kudos, nice job!

This is how developing countries become first rate and developed countries stagnate. This will keep happening until we get a serious change in the global monetary system in a couple of hundred years time.

Originally posted by Flighty
Wow. That was harsh. Americans have to pay bills and feed their kids too you know.

It was a harsh comment but how many Americans would say "Business is Business" or "Its a dog eat world" or "Maybe they should have worked harder" or "who cares" when they hear this stuff about other countries... especially the less fortunate ones.

US jobs?

Honda is a japanese company and they can move production anywhere they please.

Don't like it?

Too bad - shouldn't have shrunk your manufacturing base.

Originally posted by RFBurns
Having those overseas car companies come here to the US was the mistake in the first place anyway..let them go elsewhere. That will give incentive to the US auto makers to revitalize their plants and jobs and start making 100 percent made in America vehicles again.

We dont need Honda or Mitsubishi or Nissan or any of those other foriegn car makers. We need OUR auto makers to make American made cars.


Cheers!!!!

Totally disagree. It wasn't a mistake at all. You say that because people chose to buy more reliable, cheaper, more fuel efficient cars than the crap the U.S. automakers tried to produce. Competition is never a bad thing - it forces companies that can't deliver to either improve their product or get the hell out of the running.

Originally posted by Flighty
reply to post by sadchild01

 

What I'd like to see happen is Chinese workers start demanding their rights to a decent wage (which will eventually happen) and see these corporate cowards stuck between a rock and hard place with nowhere else to go.

That won't happen. Chinese workers won't demand anything because of the type of government over there - totally opposite from what the U.S. has where we are free to make our voices heard. The Chinese get shot for doing the same. Ask the Tibetan monks.

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reply to post by ahnggk


China and India become rich, jobs move to Southeast Asia. Southeast Asia becomes rich, China and India start to decline (just like America did before this crisis), jobs move to Africa. Africa becomes rich, Southeast Asia starts to decline. China and India really declines. Jobs move to 3rd world USA. Rinse. Repeat. Creative Destruction.

Actually, screw that. Remove USA out of the equation. Recycle jobs again to China and India. Rinse. Repeat.

Corporate jocks are not stupid. They always learn. They are smartie-smartie.

Things to come? The intentional de-industrialization of the USA has been underway for many decades. Red Ronny really got it in high gear by offering tax breaks to companies that moved overseas. Every gov
since has increased those incentives. The USA is being purposefully deconstructed by the NWO globalists. China is the next chosen ‘world leader’ as evidenced by the unmistakable symbolism present at the 888 Olympics. The USA is being intentionally brought down to third world status. So the posters who have pointed out that such things are cyclical are correct. Once labor becomes cheap enough here, the globalists will exploit it once again, like they did in the 1800’s.