Quoted: One of my relatives retired from there awhile back. He took his pension as a lump sum. At the time I thought that was risky, but I guess he knew better.
I guess this is what happens when people continue to buy japanese cars assembled in the US from Japanese steel, parts and components.
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When US auto designs continue to lag far behind in quality & durability, when bloated executive salaries & assembly line worker wages rip the bottom line, when consumers tire of buying a lemon-turd & then have to shovel more $$$ at it to fix what was broken from the factory, or what doesn't stay fixed for very long after leaving the factory, you bet this is what happens. Go find BenDover's thread about the new POS Ford Escape he's had to dump $$$ on & it's still giving him grief.
The underlying problem isn't unique to the auto industry, just more apparent. American business is in for it, IMO. Create an environment where its everyone for themselves, & people lose interest in their employer & just try to get as much as they can before they bail. Then of course, there's the union entitlement mindset. big help, that. Combined w/ a get-it-out-the-door-yesterday mindset, & quality will always suffer, particularly when the competition is turning out quality. Consequences like this take a while to come to fruition, & by the time they become obvious, the damage is too extensive & the lousy work culture too ingrained to fix quickly or easily. Bad practices & a sense of entitlement on the part of both management & line workers is ultimately screwing the pooch.
Take a look at a Consumer reports new auto rating mag & peruse the Toyota lineup, then turn to a comparable linieup from Ford or GM, & ask yourself why most of Toyota's line are "recommended" buys, while the Ford & GM might have a couple of recommended products, if even. I doubt Toyota is paying CR off.