Posted on 07/29/2009 9:03:20 PM PDT by model B
A motocross publication that I read online is quoting Nasdaq that Honda is closing their Marysville OH plant, which currently produces the VTX and Honda Goldwing motorcycles. Production (up to 75,000 motorcycles/year) is being sourced back to Japan.
Harley is laying off too. (Change! -- swell, just fricken swell)
Today Honda, tomorrow Nissan, Toyota, VW, BMW.....?
Today Honda, tomorrow Nissan, Toyota, VW, BMW.....?
If you want to ride, buy a Honda. If you want one to work on, buy a Harley. I have owned 2 Hardly Ablesons and currently own a Gold Wing. The HD’s were hangar queens, more time in the shop than on the road.
98% of all Harleys sold are still on the road. The other 2% made it home!...red
Us Goldwing owners have know about this for several years. While I am sad to see the Goldwing cease to be an American built product, this has nothing at all to do with Obama.
I didn’t know Honda was U.A.W./sarc
I'm truly sorry to see Honda go. I enjoyed my trips to Marysville for Homecoming in the past. That was where I took my first ride on a 1800. Had to get one after that.
Last person to leave America? Please turn the lights out.
I agree. It makes sense from a business perspective.
Any economist specializing in development and the Third World will tell you that political stability, respect for the rule of law, and respect for private property are key ingredients for attracting foreign investment. When Third World countries begin to make headway in that direction, they attract foreign investors and grow their economies (e.g., Chile). When they stray from these basic characteristics, investors either do not invest in that country or flee as soon as they can (e.g., Argentina since 2001).
At this moment, the U.S. is a bad investment. There are potentially big costs around the corner for all companies. Not only do you have the prospects of increased corporate taxes, there are also potential increased costs associated with climate change legislation and this health care boondoggle. Even if ObamaCare doesn’t pass as currently structured, whatever DOES pass is only going to increase costs to companies via new mandates and regulation. Who needs that?
It’s better to move back home, focus on reducing costs during the curret down-turn, and then move operations to a lower-cost country (Chile, South Korea, etc.) where the investment climate is safer once the global economy picks up again.
God help us.
Un-frickin-beleivable!
Does anyone hear that big sucking sound of business rushing from the United States?
I want one of the newer CB400s but I don't want to have to go to Europe or Canada to get one.
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