Thirty years ago, there was a standard refrain in Detroit: If Japanese automakers want to sell here, they ought to build here.
That was back in the days when Japanese automakers were beginning to bite off larger chunks of the market. It was an opportune time for them as Americans, following the first OPEC oil embargo, were craving just the kind of fuel-efficient vehicles the Japanese were offering.
Big 3 execs assumed the UAW would organize the import brands, eliminating any cost advantage. (It didn't.) They also figured that Japanese carmakers couldn't quickly ramp up the quality of their products. (They did.)
Now Nissan has six plants in North America, Honda has seven and Toyota is about ready to open its eighth. That's not even counting Hyundai, Volkswagen or Mitsubishi, each of which has one.
General Motors and Ford Motor Co. execs have learned the hard way to be careful what they wish for.
So the only real questions I have is: When will the first Chinese factory be built in the United States, and which state will win the sweepstakes?
That was back in the days when Japanese automakers were beginning to bite off larger chunks of the market. It was an opportune time for them as Americans, following the first OPEC oil embargo, were craving just the kind of fuel-efficient vehicles the Japanese were offering.
Big 3 execs assumed the UAW would organize the import brands, eliminating any cost advantage. (It didn't.) They also figured that Japanese carmakers couldn't quickly ramp up the quality of their products. (They did.)
Now Nissan has six plants in North America, Honda has seven and Toyota is about ready to open its eighth. That's not even counting Hyundai, Volkswagen or Mitsubishi, each of which has one.
General Motors and Ford Motor Co. execs have learned the hard way to be careful what they wish for.
So the only real questions I have is: When will the first Chinese factory be built in the United States, and which state will win the sweepstakes?