Quote:
Originally posted by eatapeach
so if things are looking so rosy in america, why is ford laying off workers in america but investing a billion in china?
the answer for the slow folks is that ford sees more promise in the future of china than in america.
i guess to some people i'm an asshole and i hate america for pointing this out, but i'm not the one investing a billion dollars in some other country's economy.
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First off, the US just had a GREAT quarter of auto sales with auto sales contributing 1.7% to the quarter's rise in GDP.
The answer to your question though is simple. There are over one billion Chinese mostly living under third world conditions. As their economy industrializes, their population urbanizes and their economy experiences market reforms (capitalistic reforms @ that), consumption of goods increases.
It doesn't take much wisdom to see that they will be buying automobiles. Projected auto sales and gas consumption for China are astronomical for the next two decades.