Japanese Cars Earn $2,400 More Profit Each

[ohiomosquito]

A latest auto industry report says that Japanese cars make $2,400 more profit per car than US ones. Most interesting was that beyond cost efficiencies and less onerous healthcare obligations, Japanese cars also just plainly sell for higher prices.

Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. persuaded buyers to pay an average $24,289 per vehicle, 12 percent more than U.S. automakers, the Harbour-Felax Group study said. The Japanese paid $1,400 less per vehicle on health care, and their workers spent more time on the job.

They summarize the article's cost breakdown below:

Japanese spent $1,400 less per car on health care benefits. The majority of the US disadvantage comes from paying healthcare benefits to retireees, of which GM has 338,000 to support.
Toyota spends $348 per car on warranty costs vs. $500 for GM and Chrysler
US automakers spend $138 more per car on longer holidays
They also spen $70 more per car on worker absenteeism
Japanse spends $133 per car on 30 minutes of break time/day vs. $203 per car on 46 minuts of break time for US counterparts.

http://www.thestalwart.com/the_stalwart/auto/index.html

What are your thoughts on this? Maybe we are becoming a nation that doesn't want to work as hard as our competitors and still be paid more.

[tbone]

What are your thoughts on this? Maybe we are becoming a nation that doesn't want to work as hard as our competitors and still be paid more.
becoming? i think as a country think we've been that for some time now, and we're continuing to head in that direction.

in my opinion the "american dream" is no longer the opportunity to work as hard as you can to reach your goals but a growing sense of entitlement to what you want (everything) when you want it (now) and cry like a child if you don't get it because you're told that you're nothing without it (all).