Posted by oldtanker on January 15, 2017 at 07:43:13 from (66.228.255.59):
In Reply to: On Made in America posted by Texasmark1 on January 15, 2017 at 06:10:40:
Quoting Removed, click Modern View to see
Not sure but I think that Kubota was just expanding their markets. They didn't build those compacts as we call them for the US market at first. They built them for the Asian market were a BTO could afford and use one. At the time the little guys were still literally using water buffalos. Heck when I got to Korea in 1980 you still saw farmers using water bufs. BTO's had 2 wheel walk behind tractors. At the time Japan was the only country in that region that had the manufacturing to build something like that. That whole region had been badly damaged from WWII and then a few years later the Chinese civil war that lead to it becoming Red China followed by the Korean War. When Kubota first entered the US market sometime in the 70's (saw the fist dealer here in 78 when I got back from Germany) the only competition was the garden tractors that were on the market. But real garden tractors were on the way out by then as fewer people were raising a garden and didn't need or want a machine capable of pulling a plow. They wanted something to mow lawn and blow snow. For the folks that wanted something to do more the Compacts time had come. Real garden tractors were still produced for a number of years after Kubota entered the US market but their days were numbered.
As far as US manufacturers are concerned: The big 3 figured out that if you bought a new car, and at the time the average buying traded every 2 years, all that car had to provide was 2 years reliable transportation. You then have a car that's basically junk and even used buyers would be forced into the new car market. They are/were after all in the business of selling NEW cars. And heaters and such became standard equipment long before Japanese cars got to be popular here. Plus add in, after the Great Depression and WWII was over people had more money to spend. They bought cars. They drove to work rather than use public transportation. They were spending more time in their cars. Little Johnny grew up riding in the back seat. Then when he was old enough he knew he didn't like being cold and not having music. So buyer demand changed. The car companies responded. Got to the point that most people wanted a heater so a heater became standard equipment. Some time later a radio. Some time later all the rest became standard.
As far as a CEO being voted on. Most investors even back then were concerned that their stocks were at least holding value in not gaining and that they got a dividend checks. So if the check was on time and the stocks holding the value why vote out the guy who so far has been making that happen?
Trying to put things in perspective, when the CEO of GM was making 400K a year minimum wage was less than 2 bucks an hour. In 1965 it was 1.25. or about 2600 a year. So 400K was huge!
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