Let's hear some good news first, well following Ford and GM's first half's phenomenal loss of a few billions each (Ford losing $8.7B and GM $15.5B), the third quarter for both at least sees better results, a relatively small $129 Million loss for Ford, at least that's small compared to GM's $2.5 Billion. Nonetheless, this means thou losses had flatten down, we could foresee further job and production cuts. Chrysler? Well..... they're trying to hook some deal with Renault/Nissan as for time being and its reported that Hyundai might be interested as well. This doesn't sound too good in all manner.
Saturday, November 8, 2008
Detroit Three in ....sigh ....
Let's hear some good news first, well following Ford and GM's first half's phenomenal loss of a few billions each (Ford losing $8.7B and GM $15.5B), the third quarter for both at least sees better results, a relatively small $129 Million loss for Ford, at least that's small compared to GM's $2.5 Billion. Nonetheless, this means thou losses had flatten down, we could foresee further job and production cuts. Chrysler? Well..... they're trying to hook some deal with Renault/Nissan as for time being and its reported that Hyundai might be interested as well. This doesn't sound too good in all manner.
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