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G.M. and Ford Stuck in Neutral as Buyers Look Beyond Detroit

Discussion in 'Other Cars' started by DaveinOlyWA, Apr 16, 2005.

  1. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

    Joined:
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    Location:
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    Vehicle:
    2013 Nissan LEAF
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    Persona
    yes, i know.. another in the long line of GM funeral announcements....

    http://www.nytimes.com/2005/04/15/automobi....html?th&emc=th

    G.M. and Ford Stuck in Neutral as Buyers Look Beyond Detroit
    By DANNY HAKIM

    Published: April 15, 2005

    DETROIT, April 14 - In just the last few weeks, the grand plans that were supposed to carry General Motors and Ford Motor into their second centuries have crumbled.

    Sales at G.M. have fallen, profits have tumbled to losses. Last week, Ford also warned of a drop in earnings. Thursday, in yet another blow, its union refused to give much ground on G.M.'s health care coverage. If that were not enough, G.M.'s stock hit a 12-year low. (Related Article)

    The Big Two automobile giants offer plenty of explanations, from soaring health care costs to rising gas prices and creeping interest rates. But consumers and industry specialists say G.M. and Ford have swerved off course for a more basic reason: not enough people like their cars.
     
    #1 DaveinOlyWA, Apr 16, 2005
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