acura legend parts : ORAL TESTIMONY RICHARD THOMAS EXECUTIVE VICE PRESIDENT AMERICAN HONDA MOTOR COMPANY ACURA DIVISION June 2, 1995 My name is Richard Thomas. I am the Executive Vice President ofAmerican Honda Motor Co., Inc. and head of its Acura division. Theproposed action under Section 301 of the Trade Act of 1974 wouldessentially prohibit the import and sale of two models manufactured byHonda and sold through our Acura sales channel, the Acura Legend and theAcura 3.2 TL. I am here today to express Honda's strong opposition tothe "prohibitive tariffs" proposed on these and other Japaneseautomobiles. It is a Jurassic policy which seems far more likely todevour U.S. jobs and businesses than to promote U.S. trade. Specifically, there are several things wrong with this policy: 1. It punishes the innocent -- The 281 Acura dealers, their over10,000 employees, suppliers, and customers will pay a stiff price forthis action, a price paid in jobs as well as dollars, in economicuncertainty as well as reduced product choice. The proposed sanctions,which would apply to the flagship Legend as well as the new Acura 3.2 TLmodel, threaten the entire Acura line. These models account for over 30percent of our projected sales.
acura legend parts : We expect our government to protect us from actions which reduceconsumer choice, raise prices and imperil jobs; we don't expect ourgovernment to undertake such actions. Let me note the forgotten victims of trade sanctions -- Americanconsumers. If past is prologue, the price of all cars sold in the U.S.rises in times of trade protection. According to a 1987 Brookingsstudy, Japanese car prices rose $2,400 during the VRA of the 1980's.GM, Ford and Chrysler prices rose $750-1,000 as well. In a protected marker, consumers always suffer high prices, limitedchoice and reduced quality from restricted competition. The sanctionswill remove from the U.S. market many of the highest quality vehicles inthe industry. Five out of six highest ranked models J.D. Powers 1995Initial Quality Study are on the sanctions list. Consumers should askWashington, "Why do we have to buy second class quality?" Because of the success of our cars, and because of the superbquality of Honda's manufacturing operations in the U.S., we plan tointroduce our first U.S. built Acura model in 1996. Ironically, thesanctions will affect this car as well by weakening the Acura dealer
acura legend parts : One might argue that these numbers are not terribly accurate. With adecline in sales of Acura/Infiniti/Lexus there is likely to be an increasein sales of Mercedes/BMW/Cadillac/Lincoln/etc. Thus many of those employedat the other dealerships may be re-hired. Also if Japan calls the bluff and removes trade restrictions in their owncountry, it is quite likely that not only will these jobs be saved, but newjobs in the manufacture of American auto's and parts might be created. By a similar argument, if Japan were to allow American made cars into theirmarket, would this not also create jobs in Japan with new employees neededto sell and maintain the American cars? Hmm, I listened to a Susan Aaronsen on C-span Inside politics today who wasfrom Brookings. Anyway, I'm not sure about these figures for car prices. Car prices havealso risen around $2000 in the last 5 years despite trade sanctions. Isthis a casual action, or just coincidence. Obviously not enough info existsin this paragraph to tell.Yeah, right! lets talk about all of the rehired aerospace workers. Flippingburgers at McDonalds. Besides, who's gonna hire a mechanic that has beentrained to work on Acura/Lexus/Infiniti? MB? Dream on...
acura legend parts : I doubt it, if recent history is a guide (see LA times business section onJune 12) most of these "American Jobs" will be in the Philippines or otherthird world countries. Of course the big three don't want you to know this.Be real, again if recent history is a guide, as soon as a whole segment ofthe market is eliminated, supply and demand will drive up the price of theremainder.Remember that the surviving automakers will take quite a while to build upto suit the demand. It is most likely that the affected Japanese brandswill move production of their affected models to the US and shift otherHuh? Where are they made then? Chevy Cavaliers, Jeep Cherokees -- US cars made in America.You mean like most state gov'ts? No state gov't has a balanced budget, despite all the hoopla. Why? Because they all issue bonds for roads, schools, hospitals, airports, etc. Most states are billions of dollars in debt due to capital construction. States view this as an investment and are willing to borrow money to finance it, just like people borrow money to buy a house. If you remove capital expenditures from the federal budget, it's not far from being balanced.
acura legend parts : The people who take the risks, who put up the money, who own the company. Yes. Should your lawn care person have a say about what you do with your house? After all, if you sell it and the new owner cuts his own grass, this employee of yours may be out of a job.Yeah, the media is obviously corrupt and covering up for the gov't. How long has it been since you're read a newspaper?The elite like the NRA, AARP, NEA, etc. Try beholden to lobbyists and special interests -- that's the real scandal.Well, I'm one of those stockholders. So are millions of Americans. Millions more have pension plans that own that stock.First off, I think perhaps this thread out to be spawned out to one of the politics news group, but be as it is....GM has announced that they are planning to open a huge plant in the Philippines. Now then, wadda think?Two of the five Ford small car plants planned for in Ford's plan are tobe in Mexico. The federal government that blows money on a Ponzy scheme with Social Security,the Orange County treasurer that invests with a margin account collaterizedwith tax money....
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