It stands to reason that Japanese car makers would rejoice over rising wages in competing China and over an appreciating Chinese currency. Rising wages make production there more expensive, a rising Yuan makes exports more expensive. Both should give the Japanese more breathing room. That reasoning is falling by the wayside. The Nikkei [sub] reports that these developments pose ”serious threats to Toyota’s profitability in China, strategic challenges that other Japanese companies must also deal with.” Just goes to show that you need to be careful what you wish for. And wait who else should worry. (Read More…)
Posted in China, Comment of the Day, High Finance, Industry, Japan, Jobs, News Blog, Toyota
Tagged as Bertel Schmitt, China, currencies, GM, Japan, strike, Toyota, Wages
Tagged as Bertel Schmitt, China, currencies, GM, Japan, strike, Toyota, Wages
Recent Comments
Thomas Kreutzer - Thanks, man! I’m glad to see you posting over here once in a while! If I get back out this way later this year I will make it a plan to drop you a note and come...
Halftruth - W123 or not, like Sajeev says, old cars suck. I like to wrench myself but only minimally, not as a part time fleet mechanic. I have heard from more than a few...
al w - The only transmission-related problem that I recall on my father’s ’57 Dodge that I learned to drive on was that he would...
28-Cars-Later - That’s nice to hear… the Panther is obviously a superior choice :)
28-Cars-Later - I had an ex who in 2006 was obsessed with the idea of seven row seating in an SUV (she had three kids). She had a ’99 Caravan held together by...
maciejewskiadam - Jonny- great review. I have one thing to say, though: ‘Aluminum Look’.
MRF 95 T-Bird - Corvair’s with automatic transmissions(Power-glide) had the lever on the dash which lacked the Park function. Just...
Scoutdude - Those Chinese bumpers will likely loose their chrome or start rusting like crazy in only a couple of years and even brand new it...
Landcrusher - No, I in no way even implied that. You could demilitarize DARPA, whatever. Besides...
86SN2001 - Warning, threat…….whichever works I guess.