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Still alive, but for how long?
Posted: 14 January 2011

"The car industry can produce 94m cars a year, against global demand of 64m. Unless that changes, it will never return to health." - The Economist
http://www.economist.com/node/17902719?story_id=17902719&fsrc=nlw|hig|01-13-2011|editors_highlights

MindBullet logo US AUTO INDUSTRY CRUMBLES
American cars now number just one in three sold
Dateline: 3 December 2010
The sub-prime crisis in 2007 was one of the catalysts. The resulting US economic downturn has proved to be the last straw for the US auto industry. Detroit has cut production by more than 10% each year, from 9.5 million units in 2007 to just 6 million units expected this year. In the face of rising employment and health care costs, GM, Ford and Chrysler have had to adapt by cutting jobs ...
 

Comments

Doug Vining
Doug Vining The car definitely has a Chinese future. Not only in manufacture, but also demand. The extra demand is going to come from those hundreds of millions of Chinese workers who will move into middle class lifestyles.
http://www.mindbullets.net/Subscription/MindBulletsIssueView.aspx?MindBulletID=492
Posted: 15 January 2011 at 10:04
Anton Musgrave
Anton Musgrave China has committed to build more high speed rail lines than the rest of the world combined...and the car has a Chinese future...?
Posted: 15 January 2011 at 01:11
 
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