I look at where the wages go. They go to the U.S. Also the money does come
back to the U.S. Most of the money is reinvested in the U.S. financial
markets. Remember, business activity at a U.S. Toyota plant goes to Japanese
GNP, but to U.S. GDP. The reason it goes to U.S. GDP is because U.S. wages
are created and those wages are spent in the U.S.
GDP is considered to be more important than GNP because it measures the
consumers' ability to purchase. Consumer spending accounts for 2/3s of the
U.S. economy. Toyota building cars here is better for the U.S. economy than
GM, Ford or an independent Chrysler building cars overseas and importing
them here.
----- Original Message -----
From: "Zito, James A (GE Infra, Energy)" <james.zito@ge.com>
To: "Dakota list (E-mail)" <dml@dakota-truck.net>
Sent: Monday, April 09, 2007 8:08 AM
Subject: Re: DML: Daimler confims talks to dump Chrysler
>
>
> From: "Tom Byrne"
> FYI. The Wall Street journal did an article last year on domestic versus
> foreign parts content. The Journal noted that the Toyota had something
> like
> 80% domestic parts content and the Ford Mustang was near 65%. Who is
> "ASSEMBLING" cars here and who is building them.
> ----------------------
>
>
> Although the parts content and location of build are important statistics,
> the final vote is where do the profits actually go?? For Toyota, Nissan
> and even Chrysler they end up overseas........
>
>
>
>
>
This archive was generated by hypermail 2b29 : Mon May 07 2007 - 19:04:35 EDT