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Tuesday, February 06, 2007

FORD CUTS AND GM IS STUCK?

For now that`s what reports tell us,but Toyota and Honda have made real inroads in the auto industry segments.They have launched new models with far gas-efficient economy and since gas prices are the culprit,they have really made a lot of progress.It is so obvious that it has forced the BIG THREE to take dramatic steps,but these companies do in fact have models on their shelf to render the Asian models somewhat useless.What`s taking so long for the BIG THREE to make a comeback?Perhaps it is the undisclosed silent behind the scenes deal with gas giant companies like Exxon,Chevron,BP and others.Ford does have innovative technology,but it has lacked in the image department for decades,while GM`s problem is that they do not want to show off till they think it`s profitable enough for them to do so.As Detroit vanishes off the industrial map and other major tech hubs show up,the local residents and goverment is feeling the immense economic troubles.More on this in the next articles...
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