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01 Jun 2011 17:55

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Biz: U.S. auto companies beat foreign competitors in May, with a caveat

  • USA! USA! May was the first month in five years that Detroit’s Big Three automakers beat their foreign competition in total sales, likely welcome news to those who rely on the domestic auto market to make their livings.
  • easy there The Big Three’s big win came on the backs of a terrible month for foreign competition — Toyota was down 33%, and Honda 23%. This allowed U.S. auto companies to take the lead, despite actually seeing a drop in sales. source
Posted by Chris Tognotti • 0 Comments • Permalink

30 Mar 2009 00:34

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Biz, U.S.: Auto bailout: Why Obama’s finally trading the carrot for the stick

  • We think we can have a successful U.S. auto industry.
    But it’s got to be one that’s realistically designed to weather this storm and to emerge — at the other end — much more lean, mean and competitive than it currently is.
  • President Barack Obama • On Face the Nation yesterday morning; the president and his administration feel that the automakers (particularly Chrysler, who seems to have given up hope for anything but a merger) are not doing enough to aggressively restructure their companies in the face of impending doom. • source
Posted by Ernie Smith • 2 Comments • Permalink
 
 
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