Tue
Dec 16 2008
09:42 am
Japan's Big Three hurting from economic downturn
By: bizgrrl

Toyota, Honda, and Nissan are delaying a plant opening, cutting production, and offering employee buyouts. Foreign automakers and Southern State manufacturers are hurting along with the Detroit Big Three automakers.

Toyota has postponed completion of a Prius plant in Mississippi. Nissan is cutting production and offering buyouts at its plant in Tennessee. Honda is cutting production of the Civic in Indiana.

In addition, Japan "announced a new 23 trillion yen ($255 billion) stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets". That is on top of a 27 trillion yen stimulus package announced in October.

Is it still the UAW's fault?

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bizgrrl's picture

I do believe some people in

Submitted by bizgrrl on Tue, 2008/12/16 - 9:54am.

I do believe some people in Chattanooga are a little worried about the future of the new VW plant. VW is holding a management conference Thursday to discuss plans for "production cuts and canceling new models...".

Brian A.'s picture

Obviously GM workers making

Submitted by Brian A. on Tue, 2008/12/16 - 10:58am.

Obviously GM workers making "$70 an hour" is the problem.

I've never understood why VW thought this is a good time to build another plant, unless it has an electric car in the pipleline.

Brian A.
I'd rather be cycling.

lovable liberal's picture

Is it still the UAW's

Submitted by lovable liberal on Tue, 2008/12/16 - 11:03am.

Is it still the UAW's fault?

Doncha know it'd be paradise here on earth if it weren't for unions. That tree in the Garden of Eden? It was really the tree of knowledge of good and unions. Instead of a living, without unions, workers would get what the best people think they deserve, and that's what they do deserve. Then the best people who have risen to the top would have more money left over to pay themselves what they deserve.

Liberty and justice for all.

My home

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