According to the article, production will start sometime after 2007. Financial terms and production quantities were not revealed by Chrysler. Chrysler, in seeking a Chinese partner, said that it cannot make money by building them in the United States due to high labor and other costs.
Recently we reported on GM's similar move into China. And as we asked before, we repeat the question: "How much manufacturing know-how and how many jobs will be transferred to China before Americans wake up to the fact that Washington and its multi-national corporate partners are deliberately eradicating America's middle class?"
http://www.jbs.org/node/2270
It's bad enough that America is losing its manufacturing base in such areas as steel, textiles, and other vital industries. Now the automotive industry in the U.S. is steadily shrinking. U.S. auto company GM has entered into a joint venture with the Shanghai Automotive Industry. This Sino-U.S. joint venture of Buick sales in China has overtaken Volkswagen to become China's top auto maker.
GM's thinking is that the company must work to revive its flagging business after a 2005 loss of $10.6 billion, and that China's booming economy is a significant source of revenue capable of providing a strong growth not available in the U.S. or other western markets. Nevermind that heavy regulatory measures forcing manufacturers to look overseas to other sources of cheaper labor are some of the primary reasons why companies cannot operate profitably in the U.S.
Another fact the major media fails to mention is that China's miracle economy is the result of decades of U.S. government policies of subsidies, technology transfers, loans, and "most-favored-nation trade status." China's current communist-run government didn't grow the nation's fascist economy because of any adherence to free market principles. Our trade policies basically gave them most of their progress on a silver platter. And now we are starting to pay for them.
Recently we reported on GM's similar move into China. And as we asked before, we repeat the question: "How much manufacturing know-how and how many jobs will be transferred to China before Americans wake up to the fact that Washington and its multi-national corporate partners are deliberately eradicating America's middle class?"
http://www.jbs.org/node/2270
It's bad enough that America is losing its manufacturing base in such areas as steel, textiles, and other vital industries. Now the automotive industry in the U.S. is steadily shrinking. U.S. auto company GM has entered into a joint venture with the Shanghai Automotive Industry. This Sino-U.S. joint venture of Buick sales in China has overtaken Volkswagen to become China's top auto maker.
GM's thinking is that the company must work to revive its flagging business after a 2005 loss of $10.6 billion, and that China's booming economy is a significant source of revenue capable of providing a strong growth not available in the U.S. or other western markets. Nevermind that heavy regulatory measures forcing manufacturers to look overseas to other sources of cheaper labor are some of the primary reasons why companies cannot operate profitably in the U.S.
Another fact the major media fails to mention is that China's miracle economy is the result of decades of U.S. government policies of subsidies, technology transfers, loans, and "most-favored-nation trade status." China's current communist-run government didn't grow the nation's fascist economy because of any adherence to free market principles. Our trade policies basically gave them most of their progress on a silver platter. And now we are starting to pay for them.
