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Subscribe to this threadFiat could shift Alfa Romeo production to N.A. for sales in U.S.
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DJ @ Mar 25th 2008 1:43PM
Given the condition of the US dollar. Fiat, Alfa, BMW and others need to build cars in the US to have any competitive price abilities. It is definitely a win-win all around. Whoever thought the US would become the source of cheap, high-quality labor for manufacturing?
Mr. Oak @ Mar 25th 2008 2:26PM
You can thank your esteemed President for his deft stewardship. He suceeded in turning the US into a 3rd world country.
ello @ Mar 25th 2008 3:42PM
Mr. Oak, as much as I dislike the current president and as much as it hurts me to exchange $100 to Euro (and get almost nothing for it) everytime I am in Europe, I think that the return of manufacturing to US soil is great, we can't just depend on service economy, and we can't depend on manufacturing from China (with their communist regime, government control, and artificially deflated currency making competing economically with them basically impossible considering an average standard of life in US vs China).
Anyway, Bush is the worst president of my lifetime and the war in Iraq was totally uncalled for BUT manufacturing returning to US is good. Now if only we could find a way to not be as dependent on foreign oil and we will be just fine. But I think we are also getting there, energy efficient homes (I have read several articles about modern/smart/efficient US housing and $0 utility bills), plus the electric/hydrogen cars and dependence on oil will start to decrease.
Richard @ Mar 25th 2008 3:42PM
+1 on what DJ said.
Unfortunately, our next president will likely be one of those two so determined to take the rest of our now highly devalued expendable income from us. That bodes not well for any automaker, regardless of which currency their annual report uses.
Perhaps the bicycle industry will get a boost.
Richard @ Mar 25th 2008 3:49PM
ello,
Yeah. Yeah. Yeah.
But, we have an oil-based economy. That is, our economy depends on petroleum to run. That is, not having oil is highly inflationary.
Since most of our oil comes from the middle-east, we probably need to be there providing some civility and working to ensure that oil keeps flowing to the USA.
And yes, we need alternate energy sources. If we start now, we'll have them in 10 years.
DKB_SATX @ Mar 25th 2008 4:01PM
Richard: Actually, per the Energy Information Administration (www.eia.doe.gov) 76% of our imported crude comes from sources OTHER than the middle east, in fact 52% of it comes from other countries in the Americas (using Dec. '07 numbers). I don't mean to diminish your suggestion that we actually make an effort to have civil relationships with other countries, a point completely lost on the Chimp in Chief and his handlers, but our biggest single oil-supplying country is Canada.