chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
Apparently large vehicle sales are down around 40%... overall sales are not down that much, but enough to hurt the domestic car manufacturers.
GM to close 4 plants, focus on small cars: Financial News - Yahoo! Finance
It appears that GM is shutting down some plants and laying off up to 10,000 workers. Mainly plants that make Trucks, SUVs, MiniVans... large vehicles.
Domestic manufacturers once again were short-sighted. Perhaps they can turn it around. I suspect that many of the smaller vehicles that GM produces will be in another country and imported.
The problem I have with short-sighted management in that industry is that American jobs are lost because of management incompetence and lack of vision.
Of course most everyone that is looking for a car will be interested in fuel efficiency. GM's hybrid technology seems to be behind Toyota.
People who own existing gas hogs are finding that they are upside-down on loans for vehicles... used trucks and suvs are worth much less. I have heard the dealers are not too interested in taking used gas hogs as trade-ins.
GM to close 4 plants, focus on small cars: Financial News - Yahoo! Finance
It appears that GM is shutting down some plants and laying off up to 10,000 workers. Mainly plants that make Trucks, SUVs, MiniVans... large vehicles.
Domestic manufacturers once again were short-sighted. Perhaps they can turn it around. I suspect that many of the smaller vehicles that GM produces will be in another country and imported.
The problem I have with short-sighted management in that industry is that American jobs are lost because of management incompetence and lack of vision.
Of course most everyone that is looking for a car will be interested in fuel efficiency. GM's hybrid technology seems to be behind Toyota.
People who own existing gas hogs are finding that they are upside-down on loans for vehicles... used trucks and suvs are worth much less. I have heard the dealers are not too interested in taking used gas hogs as trade-ins.
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