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How Healthy is Auto Industry? - American Suzuki Goes Bankrupt
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John Manning
Nov 7, 2012, 3:17:51 PM11/7/12
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Now that the election season is coming to an end, we may get a
clearer picture in the near future as to just how "healthy" the
auto industry really is. Another car company has just filed for
bankruptcy as American Suzuki announced that it is filing for
chapter 11 protection and will no longer be selling vehicles in
America.
I'm sure few tears will be shed for American Suzuki and the workers
at American Suzuki car dealerships that will lose their jobs. The
company is a wholly-owned subsidiary of Japanese-owned Suzuki and
the vehicles are built outside of America.
The more important takeaway from the bankruptcy filing is that the
auto industry remains as competitive as ever, and those automakers
that are not at the top of their game (or receive billions of
taxpayer dollars to keep them afloat) will have trouble being
profitable in the tough environment; despite the politically-based
claims to the contrary.
Suzuki lagged the competition and rightfully needs to leave a
market that does not have room for any automakers other than the
strongest. It remains to be seen if bailed out companies like
General Motors and Chrysler, which was given to Italian automaker
Fiat, can maintain the momentum that about $80 billion of taxpayer
funds tend to give the receiving corporations. Unfortunately for
those who believe in free-market capitalism (as well as the rule of
law), the auto bailouts set a precedent that was portrayed as a
noble "saving" of the auto industry rather than what it was; a
politically motivated wealth redistribution scheme by President
Obama that favored unionized groups over less politically popular
parties during a manipulated bankruptcy process. This precedent may
end up costing Americans more money as the political gain from
those in power that freely spend taxpayer dollars outweighs the
monetary cost when large US corporations are mismanaged and need a
handout to survive.
Continues:
http://nlpc.org/stories/2012/11/06/another-american-company-goes-
bankrupt-auto-industry
Learn the truth about the Muslim Brotherhood:
http://muslimbrotherhoodinamerica.com/
Libya: The Real Story
http://www.youtube.com/watch?v=7CrVUYOooRQ
clearer picture in the near future as to just how "healthy" the
auto industry really is. Another car company has just filed for
bankruptcy as American Suzuki announced that it is filing for
chapter 11 protection and will no longer be selling vehicles in
America.
I'm sure few tears will be shed for American Suzuki and the workers
at American Suzuki car dealerships that will lose their jobs. The
company is a wholly-owned subsidiary of Japanese-owned Suzuki and
the vehicles are built outside of America.
The more important takeaway from the bankruptcy filing is that the
auto industry remains as competitive as ever, and those automakers
that are not at the top of their game (or receive billions of
taxpayer dollars to keep them afloat) will have trouble being
profitable in the tough environment; despite the politically-based
claims to the contrary.
Suzuki lagged the competition and rightfully needs to leave a
market that does not have room for any automakers other than the
strongest. It remains to be seen if bailed out companies like
General Motors and Chrysler, which was given to Italian automaker
Fiat, can maintain the momentum that about $80 billion of taxpayer
funds tend to give the receiving corporations. Unfortunately for
those who believe in free-market capitalism (as well as the rule of
law), the auto bailouts set a precedent that was portrayed as a
noble "saving" of the auto industry rather than what it was; a
politically motivated wealth redistribution scheme by President
Obama that favored unionized groups over less politically popular
parties during a manipulated bankruptcy process. This precedent may
end up costing Americans more money as the political gain from
those in power that freely spend taxpayer dollars outweighs the
monetary cost when large US corporations are mismanaged and need a
handout to survive.
Continues:
http://nlpc.org/stories/2012/11/06/another-american-company-goes-
bankrupt-auto-industry
Learn the truth about the Muslim Brotherhood:
http://muslimbrotherhoodinamerica.com/
Libya: The Real Story
http://www.youtube.com/watch?v=7CrVUYOooRQ
Davej
Nov 7, 2012, 3:30:33 PM11/7/12
to
On Nov 7, 2:20 pm, John Manning <contactr...@126.com> wrote:
> Now that the election season is coming to an end...
Blah, blah, blah, American Suzuki lagged the competition... blah,
blah, blah.
In other words Romney got his ass kicked.
> Now that the election season is coming to an end...
Blah, blah, blah, American Suzuki lagged the competition... blah,
blah, blah.
In other words Romney got his ass kicked.
duke
Nov 8, 2012, 12:26:44 PM11/8/12
to
The dukester, American - American
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You can't fix stupid.
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plainolamerican
Nov 8, 2012, 2:24:13 PM11/8/12
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