Michigan 3 vs. Japanese 3
According to Edmunds, the average automotive manufacturer incentive in the U.S. was $2,362 per vehicle sold in August 2007, down $159, or 6.3%, from July 2007, and up $51, or 2.2%, from August 2006. The average incentive for the "Michigan 3" (Ford, GM, Chrysler) was $3,373, and the average for the "Japanese 3" (Nissan, Honda, Toyota) was only $1,365. Add an additional $1,500 per vehicle in health care costs for the "Michigan 3" compared to about $200 per vehicle for the "Japanese 3," and it's no surprise that GM lost $2 billion in 2006 and Ford lost $12 billion.
3 Comments:
So are you making an argument for Universal Health care?
...Add an additional $1,500 per vehicle in health care costs for the "Michigan 3" compared to about $200 per vehicle for the "Japanese 3," and it's no surprise that GM lost $2 billion in 2006 and Ford lost $12 billion.
http://mjperry.blogspot.com/2007/09/michigan-3-vs-japanese-3.html
Japan's health care system is characterized by universal coverage, free choice of health care providers by patients, a multi-payer, employment-based system of financing, and a predominant role for private hospitals and fee-for-service practice. Virtually all residents of Japan are covered without regard to any medical problems they may have (so-called predisposing conditions) or to their actuarial risk of succumbing to illness. Premiums are based on income and ability to pay.
http://www.nyu.edu/projects/rodwin/lessons.html#introduction
Are you trying to make a point? If so..... what
The points are that the Japanese 3 price their cars closer to what the customer will pay, and 100- year-old companies have commitments to past employees and citizens who built the U.S. companies and the U.S.’s infrastructure.
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