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Join Date: Nov 2007
Location: Ohio
8,914 posts, read 4,499,242 times
Blog Entries: 6
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Quote:
Originally Posted by Think4Yourself Still ignoring all those engineering, design, and senior management positions, huh? Do you ever even try to be honest in your arguments?
"Those positions can be recruited from the East Coast."
They can be, but corps do worry about having a local talent pool. It took a few years of pitching middle Tn to Nissan by our ex-governor before they seriously entertained the idea of moving the corp hq. Now suppliers do follow, their ad firm was the same one who did the Energizer Bunny campaign, and after the Nissan move, this firm opened their first non-coastal USA office in Nashville.
But corps do worry about the issue of, at minimum, having a local pool, for future refills of professional positions.
BYD Auto, a Chinese maker of electric and hybrid cars which is partially owned by the US's second richest man Warren Buffet, recently set up a new factory in Lancaster, CA. At first the factory will only make Buses and commercial vehicles but starting in 2015 BYD wants to begin selling cars in the US and at prices lower than most US or Japanese makers can deliver at. A key plan of BYD's US business plan is to expand assembly in the US with Lancaster being their North American manufacturing center.
This might seem small at the beginning but these sorts of businesses grow over time and the Chinese have both money and a long term outlook for investing so this is great news for California. Two other Chinese automakers both want to get into the US car market (Geeley Automotive and Great Wall Motors) and although both of them will begin just by exporting cars from China they both say they eventually want to set up factories in the US with the west coast being their preferred location.
For all of you "useful idiots" who buy into buffets concern over "income inequality", here's what he REALLY does in practice.
All it took was ONE Google click to find the truth.....
"California's dream of BYD electric buses may be starting to head toward nightmare territory.
The state aggressively courted the Chinese electric-car maker, hoping it would create jobs and put electric vehicles on the road.
But last month, California fined BYD almost $100,000 for violating the state's minimum-wage laws, The New York Times reports."
"BYD (which stands for Build Your Dreams) employs 40 people in California, five of whom are temporary workers brought in from China.
Those five employees were reportedly paid far less than the state's $8.00-an-hour minimum wage.
BYD America vice president Micheal Austin told the Times that they were in California to install equipment and train permanent employees at BYD's U.S. factory. The company claims the workers--in the United States on legal work visas--are not subject to state labor laws.
Workers told investigators that they are staying in the U.S. for one to six months. One worker said they were making the equivalent of $1.50 per hour, plus a $50-per-day allowance for food and other expenses.
Last year, BYD won a contract to build 15 electric buses for the city of Long Beach, and soon afterward it signed an agreement with Los Angeles for up to 25 buses.
LA Metro agreed to test five of BYD's 40-foot electric buses, and buy 20 more if they performed well."
Ahh, the haters never change no matter how many times they're shown to be wrong about everything. It just kills you that California is doing great and is so much better than those fly over states, huh?
It's not just California either as Chinese firms are now moving in mass to open up manufacturing operations in the US and this foreign investment is doing a heck of a lot of good for many communities.
NPR reporting about one Chinese auto glass maker who has reopened a long closed GM factory in a depressed part of the midwest.
Detroit still has a name as America's Auto City in China so Chinese parts suppliers have quietly been moving in and investing big in factories in Detroit.
It's not just factories but also commercial and residential real estate. Where as in the past the Chinese were mostly interested in real estate in big cities (NYC, LA, SF) now they're looking for value and their biggest investment location of choice? Detroit. Many of them plan to buy and then redevelop the land.
It's not just California either as Chinese firms are now moving in mass to open up manufacturing operations in the US and this foreign investment is doing a heck of a lot of good for many communities.
NPR reporting about one Chinese auto glass maker who has reopened a long closed GM factory in a depressed part of the midwest.
Detroit still has a name as America's Auto City in China so Chinese parts suppliers have quietly been moving in and investing big in factories in Detroit.
It's not just factories but also commercial and residential real estate. Where as in the past the Chinese were mostly interested in real estate in big cities (NYC, LA, SF) now they're looking for value and their biggest investment location of choice? Detroit. Many of them plan to buy and then redevelop the land.
I don't mind that at all. It's only right-wing xenophobes that hate foreigners that would be against this. Of course, add insult to injury that the Chinese are investing in the Upper Midwest, traditional blue collar union Democrat territory over some neo-Confederate state
Toledo is getting major investment and an all new waterfront with Chinese investment. I know the xenophobes get upset at the idea of foreigners investing in America but the truth is we really need the investment and it's a good thing to have people willing to invest their money in helping American cities succeed.
Toledo is getting major investment and an all new waterfront with Chinese investment. I know the xenophobes get upset at the idea of foreigners investing in America but the truth is we really need the investment and it's a good thing to have people willing to invest their money in helping American cities succeed.
They get especially upset when that direct foreign investment go into blue states
In the early 1970's Japanese cars were considered junk but now they're some of the most popular models. In the mid 1980's when Hyundai started selling cars in America the brand was considered about the same as a Yugo but now they're considered great cars. The same thing is going to happen with Chinese cars and the American industry ignores that at its peril.
That said, yes, a region getting a factory for a Chinese car maker is just as big a deal long term as getting a factory for a domestic, Asian, or European maker. It means jobs and taxes paid.
For all of you "useful idiots" who buy into buffets concern over "income inequality", here's what he REALLY does in practice.
All it took was ONE Google click to find the truth.....
"California's dream of BYD electric buses may be starting to head toward nightmare territory.
The state aggressively courted the Chinese electric-car maker, hoping it would create jobs and put electric vehicles on the road.
But last month, California fined BYD almost $100,000 for violating the state's minimum-wage laws, The New York Times reports."
"BYD (which stands for Build Your Dreams) employs 40 people in California, five of whom are temporary workers brought in from China.
Those five employees were reportedly paid far less than the state's $8.00-an-hour minimum wage.
BYD America vice president Micheal Austin told the Times that they were in California to install equipment and train permanent employees at BYD's U.S. factory. The company claims the workers--in the United States on legal work visas--are not subject to state labor laws.
Workers told investigators that they are staying in the U.S. for one to six months. One worker said they were making the equivalent of $1.50 per hour, plus a $50-per-day allowance for food and other expenses.
Last year, BYD won a contract to build 15 electric buses for the city of Long Beach, and soon afterward it signed an agreement with Los Angeles for up to 25 buses.
LA Metro agreed to test five of BYD's 40-foot electric buses, and buy 20 more if they performed well."
Actually I posted that earlier in this thread, so could have saved some time. LOL.
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