Is US becoming cheaper?

[burqaposhx]

Re: Is US becoming cheaper?

@JayR

Here’s one garage sale:

DETROIT - Ford Motor Company is selling its storied Jaguar and Land Rover businesses to India’s Tata Motors Ltd. in a deal that will net the struggling U.S. automaker about $1.7 billion — roughly a third of the price it paid for the two luxury brands.

I think you are reading too much in auto-industry’s deal.

Daimler actually paid $650m to get rid of Chrysler.

Here is the cnn story.
http://money.cnn.com/2007/05/14/news/companies/chrysler_sale/index.htm

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German automaker will end up actually paying $650 million to unload Chrysler to end its exposure to billions in ongoing losses, health care costs.

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And you think Germany was having a garage sale?