And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
Spirit Airlines is already looking for a bailout. They are the worst, most poorly managed airline in the biz, who deserves to go out of business. If they bail them out, they’ll bail everybody out. He’s going to have to, in order to artificially support the economy for as long as he possibly can before the inevitable collapse.
ALL modern Republican administrations end in economic collapse, every one. Nixon, Reagan, Bush 1, Bush 2, Trump, all left office with an economy in shambles. Every Democrat has come into office with an Economic Stimulus Program that the Republicans always try to sabotage - Carter, Clinton, Obama, Biden.
Get ready for the great Trump Bail Out, followed by the Trump Depression. He likes having things named after him, let’s oblige him. We should have named Covid after him - Trump Disease.