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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.
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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.
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