Some Japanese-owned auto factories in the US and Canada will have to shut down. The parts and components they need to make cars won’t be arriving in time from Japan. That much we know from Canada’s Globe & Mail (see the excerpt below). What the mainstream financial media fails to say is
GM, Ford and Chrysler have undergone an extreme makeover from a decade ago. They’re now leaner and meaner. The bad news? Globally there’s still over-capacity…
Detroit’s “Big 3″ were mismanaged into insolvency, done in by greedy unions, and, worst of all, their CEOs dared to fly in their private jets to Washington to give testimony in front of Congress. But how can you give billions of dollars to Wall Street and just let our auto industry die?
To expect homes to come back before a rebound in the auto sector never made sense to me. How can people afford new homes if they can’t afford new cars?
With a strong lineup of models, Ford’s sales are perking up in China, center of the universe for many auto makers…
