Home
Big three motor firms gearing for US slump
Calcutta News.Net Thursday 20th March, 2008
General Motors, Ford and Chrysler, otherwise known as the US automotive big three, are setting up cost-cutting policies.
The belt-tightening measures are expected to pre-empt the worsening of the US economy.
General Motors has already pushed some capital expenses from the first quarter to later in the year to make sure it has enough cash if the downturn in the U.S. market worsens.
Ford Motor has said it will consider options to cut costs to reach its goal of being profitable by 2009.
Chrysler said it had lowered production at several plants in anticipation of weak sales this year.
Email this story to a friend
Comments on this story
justincase 03-21-08, 03:09 AM |
Big three motor firms gearing for US slump
cars is getting too expensive that peoplwe can no longer afford to buy a new one while the auto worker demanding higher wages and the goverment is demanding loe emission cars. car ceo is still the most highest paid boss in the country and has a nice golden parachute when the retired or quit.
|
Have your say on this story
|
 |
 |
- India tense as airports threatened
India has been on full terror alert with Chennai International Airport, one of the major airports in the country, under especially heightened security. [read story]
- Journalist slapped by Mohammedan Sporting's Nigerian player Okoro
Kolkata, Dec 4 (IANS) Two days before football legend Diego Maradona visits the city, ugly scenes were witnessed during Mohammedan Sporting club's training session here Thursday, when Nigerian striker Mike Okoro assaulted a journalist for asking uncomfortable questions. [read story]
- Dempo beat SBT 3-0 in Federation Cup match
Kolkata, Dec 4 (IANS) Dempo Sports club blanked State Bank of Travancore (SBT) 3-0 while Chirag United and Mumbai FC finished with a goalless draw in 30th Federation Cup final round group A league matches here Thursday. [read story]
- Two students assaulted by bus staff in Delhi suburb
Noida (Uttar Pradesh), Dec 4 (IANS) Two students were severely assaulted Thursday morning by the staff of a private bus in Noida, on the outskirts of Delhi, when they asked the balance amount of the money they paid towards their fares. [read story]
- Scarlett's mother given last chance to appear in Goa court
Panaji, Dec 4 (IANS) Slain British teenager Scarlett Keeling's mother Fiona Mackeown, facing charges of negligence towards her daughter, has been given a final chance to appear for a hearing on Friday by the Department of Women and Child Development, failing which ex-parte action would be taken against her. [read story]
|
|
 |
 |
|
|