Re: alfa-digest V7 #941

[Pottree@domain.elided]

In a message dated 8/5/99 1:43:02 PM Pacific Daylight Time, 
owner-alfa-digest@domain.elided writes:

<< My impression is that DeLorean had his labor costs in line in Ireland (for
 heaven's sake; that's why the facility was there), but needed loans or
 line-of-credit to continue production (had to buy engines from Pugeot, for
 instance), which he did not get.
  >>

I do not know how much deLorean paid his Irish workers, but the reasons the 
plant was in Ireland were supposed to be 1) the Irish government gave him 
money to put it there (financing) so create jobs and 2) they also agreed to a 
sharp limitation on taxes to keep production there.  With these benefits in 
place, it probably made sense whether or not the workers were paid the same 
as in an alternative location, since these advantages also went straight to 
the bottom line.  OTOH, lines seemed to be Mr. DeL's problem after all.  They 
used to say he saved by not installing steering because a DeLorean would 
follow the white lines on the road.

Charlie

LA, CA, USA

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