The Future of the Auto Industry
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayersObama and the Future
It seems that nothing much have changed in the past month or so. The uncertainty of the global economy is growing and stocks are still going down. However, it is not all doom and gloom. Things are being stabilized a little for now as gasoline prices appear to be bottoming out and bad financial news [...]
Tagged as: bac, c, change, f, gasoline, gm, merger, obama, recessionUS in Recession: It is Now Official!
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recessionBailout or Bankruptcy?
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
Tagged as: automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unions