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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